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

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

A number of other brokerages also recently commented on NEE. Morgan Stanley increased their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets decreased their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $66.90 on Wednesday. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average is $60.67 and its 200-day moving average is $58.94. The firm has a market capitalization of $137.45 billion, a PE ratio of 18.23, a P/E/G ratio of 2.45 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’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 EPS for the current fiscal year.

Hedge Funds Weigh In On NextEra Energy

Large investors have recently modified their holdings of the company. Clear Investment Research LLC lifted 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 worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. lifted 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 worth $33,000 after purchasing an additional 410 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Alaska Permanent Fund Corp lifted 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 worth $32,000 after purchasing an additional 208 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

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.