Wells Fargo & Company Boosts NextEra Energy (NYSE:NEE) Price Target to $95.00

NextEra Energy (NYSE:NEE) had its price target hoisted by Wells Fargo & Company from $85.00 to $95.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other equities research analysts have also weighed in on NEE. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a buy rating in a report on Monday, January 22nd. Royal Bank of Canada reiterated an outperform rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a report on Tuesday, April 23rd. Barclays initiated coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an equal weight rating and a $66.00 price target for the company. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $72.64.

NextEra Energy Stock Down 0.4 %

NextEra Energy stock opened at $76.09 on Wednesday. The firm has a market capitalization of $156.32 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.81 and a beta of 0.50. The stock’s fifty day simple moving average is $65.76 and its 200-day simple moving average is $60.96. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $77.41. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

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

Institutional Trading of NextEra Energy

Hedge funds have recently made changes to their positions in the company. McAdam LLC increased its holdings in NextEra Energy by 12.8% in the third quarter. McAdam LLC now owns 3,536 shares of the utilities provider’s stock valued at $203,000 after buying an additional 402 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of NextEra Energy by 34.7% during the 3rd quarter. Krilogy Financial LLC now owns 30,554 shares of the utilities provider’s stock worth $1,750,000 after purchasing an additional 7,865 shares during the last quarter. Lynwood Capital Management Inc. purchased a new stake in shares of NextEra Energy during the third quarter worth about $573,000. Finally, Orion Portfolio Solutions LLC raised its position in shares of NextEra Energy by 21.3% in the third quarter. Orion Portfolio Solutions LLC now owns 112,650 shares of the utilities provider’s stock valued at $6,454,000 after buying an additional 19,773 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.