Mizuho Increases NextEra Energy (NYSE:NEE) Price Target to $71.00

NextEra Energy (NYSE:NEE) had its price target upped by research analysts at Mizuho from $67.00 to $71.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 6.13% from the company’s current price.

A number of other brokerages have also issued reports on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley lifted their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Trading Up 0.5 %

NYSE:NEE opened at $66.90 on Wednesday. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The stock has a market capitalization of $137.45 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51. The business’s 50-day simple moving average is $60.67 and its 200-day simple moving average is $58.94.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. Sell-side analysts expect that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clear Investment Research LLC boosted its stake in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy in the 4th quarter valued at $29,000. Alaska Permanent Fund Corp boosted its stake in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Stuart Chaussee & Associates Inc. boosted its stake in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.