NextEra Energy (NYSE:NEE - Get Free Report) had its price target decreased by stock analysts at BMO Capital Markets from $77.00 to $68.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' price objective points to a potential upside of 10.21% from the company's previous close.
A number of other research analysts have also recently commented on NEE. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. Mizuho reissued a "buy" rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. StockNews.com lowered shares of NextEra Energy from a "hold" rating to a "sell" rating in a research note on Monday, February 19th. Royal Bank of Canada restated an "outperform" rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price target for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $71.36.
Read Our Latest Stock Report on NextEra Energy
NextEra Energy Trading Down 1.7 %
NEE stock traded down $1.05 during midday trading on Tuesday, reaching $61.70. 11,528,624 shares of the company's stock traded hands, compared to its average volume of 11,821,591. The company has a market capitalization of $126.63 billion, a P/E ratio of 17.09, a PEG ratio of 2.27 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The business has a 50-day moving average price of $59.43 and a two-hundred day moving average price of $58.35.
NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that NextEra Energy will post 3.4 EPS for the current fiscal year.
Institutional Trading of NextEra Energy
Large investors have recently modified their holdings of the company. Clear Investment Research LLC increased its holdings in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider's stock worth $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $29,000. Alaska Permanent Fund Corp increased its holdings in shares of NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider's stock worth $32,000 after acquiring an additional 208 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter worth about $32,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider's stock worth $33,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.
About NextEra Energy
(
Get Free Report)
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.
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