Analysts Set NextEra Energy, Inc. (NYSE:NEE) Price Target at $76.50

Shares of NextEra Energy, Inc. (NYSE:NEE) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $76.50.

A number of analysts recently commented on NEE shares. Bank of America upped their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th.

NextEra Energy Stock Up 1.4 %

Shares of NEE opened at $73.85 on Friday. The company has a market capitalization of $151.73 billion, a P/E ratio of 20.12, a PEG ratio of 2.48 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 $72.51 and its 200-day simple moving average is $64.17.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping 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 business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the business earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.79%. NextEra Energy’s dividend payout ratio is 56.13%.

Institutional Investors Weigh In On NextEra Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Avitas Wealth Management LLC raised its holdings in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the period. Stiles Financial Services Inc raised its holdings in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the period. Janney Capital Management LLC raised its holdings in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares during the period. Asio Capital LLC bought a new position in NextEra Energy in the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC bought a new position in NextEra Energy in the 4th quarter valued at about $162,000. 78.72% of the stock is owned by institutional investors.

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.