NextEra Energy (NYSE:NEE) PT Raised to $72.00 at BMO Capital Markets

NextEra Energy (NYSE:NEE - Get Free Report) had its price target boosted by BMO Capital Markets from $70.00 to $72.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' price target indicates a potential upside of 7.62% from the company's previous close.

A number of other research analysts have also recently commented on NEE. Barclays assumed coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price objective on the stock. Morgan Stanley upped their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an "overweight" rating in a report on Monday. Wells Fargo & Company upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Mizuho upped their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Bank of America boosted 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. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.50.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.34 on Thursday, hitting $66.90. The company's stock had a trading volume of 11,369,761 shares, compared to its average volume of 11,936,405. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. NextEra Energy has a 1 year low of $47.15 and a 1 year high of $78.53. The firm has a fifty day moving average price of $60.47 and a 200-day moving average price of $58.89. The company has a market capitalization of $137.31 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the business earned $0.84 EPS. NextEra Energy's revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextEra Energy

Several large investors have recently bought and sold shares of the business. Strategy Asset Managers LLC increased its holdings in NextEra Energy by 21.5% in the first quarter. Strategy Asset Managers LLC now owns 5,515 shares of the utilities provider's stock valued at $352,000 after buying an additional 975 shares during the last quarter. Equitable Trust Co. boosted its stake in NextEra Energy by 2.0% in the first quarter. Equitable Trust Co. now owns 33,137 shares of the utilities provider's stock valued at $2,118,000 after acquiring an additional 636 shares in the last quarter. Schnieders Capital Management LLC boosted its stake in NextEra Energy by 6.5% in the first quarter. Schnieders Capital Management LLC now owns 58,077 shares of the utilities provider's stock valued at $3,712,000 after acquiring an additional 3,557 shares in the last quarter. Advocate Group LLC boosted its stake in NextEra Energy by 58.8% in the first quarter. Advocate Group LLC now owns 52,625 shares of the utilities provider's stock valued at $3,363,000 after acquiring an additional 19,485 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in NextEra Energy by 3.1% in the first quarter. Capital Investment Advisory Services LLC now owns 18,883 shares of the utilities provider's stock valued at $1,207,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Company Profile

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.