NextEra Energy, Inc. (NYSE:NEE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NextEra Energy, Inc. (NYSE:NEE) have received an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $77.57.

Several research firms recently weighed in on NEE. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Evercore ISI upped their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Finally, Citigroup upped their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday.

Hedge Funds Weigh In On NextEra Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bright Futures Wealth Management LLC. acquired a new position in shares of NextEra Energy during the 1st quarter worth about $1,068,000. Quent Capital LLC boosted its stake in shares of NextEra Energy by 5.2% during the 1st quarter. Quent Capital LLC now owns 5,014 shares of the utilities provider’s stock worth $320,000 after buying an additional 248 shares during the last quarter. HM Payson & Co. boosted its stake in shares of NextEra Energy by 0.3% during the 1st quarter. HM Payson & Co. now owns 58,691 shares of the utilities provider’s stock worth $3,751,000 after buying an additional 199 shares during the last quarter. Keynote Financial Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $570,000. Finally, IMS Capital Management boosted its stake in shares of NextEra Energy by 1.7% during the 1st quarter. IMS Capital Management now owns 13,742 shares of the utilities provider’s stock worth $878,000 after buying an additional 226 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 4.0 %

Shares of NEE opened at $70.80 on Friday. The company has a market capitalization of $145.46 billion, a P/E ratio of 19.29, a PEG ratio of 2.51 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy has a one year low of $47.15 and a one year high of $80.47. The business’s 50 day simple moving average is $73.25 and its 200-day simple moving average is $64.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company posted $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

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.