NextEra Energy (NYSE:NEE) PT Raised to $79.00

NextEra Energy (NYSE:NEE) had its price objective lifted by equities research analysts at Morgan Stanley from $77.00 to $79.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential upside of 19.37% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Barclays started coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. One investment 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.93.

NextEra Energy Trading Up 1.3 %

Shares of NYSE NEE opened at $66.18 on Monday. The company’s fifty day moving average is $60.26 and its 200-day moving average is $58.83. The stock has a market cap of $135.83 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.31 and a beta of 0.51. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $79.25. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. Equities research analysts predict that NextEra Energy will post 3.4 EPS for the current year.

Hedge Funds Weigh In On NextEra Energy

Several large investors have recently modified their holdings of NEE. Charter Oak Capital Management LLC grew its stake in NextEra Energy by 7.0% during the first quarter. Charter Oak Capital Management LLC now owns 14,163 shares of the utilities provider’s stock valued at $905,000 after acquiring an additional 926 shares in the last quarter. BSW Wealth Partners grew its stake in NextEra Energy by 16.5% during the first quarter. BSW Wealth Partners now owns 6,194 shares of the utilities provider’s stock valued at $396,000 after acquiring an additional 879 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its stake in NextEra Energy by 14.2% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 10,031 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 1,250 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in NextEra Energy by 22.4% during the first quarter. Sage Mountain Advisors LLC now owns 9,274 shares of the utilities provider’s stock valued at $593,000 after acquiring an additional 1,697 shares in the last quarter. Finally, Wealth Advisory Solutions LLC purchased a new position in NextEra Energy during the first quarter valued at approximately $1,798,000. Hedge funds and other institutional investors 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.