NextEra Energy (NYSE:NEE) PT Raised to $84.00

NextEra Energy (NYSE:NEE) had its target price lifted by stock analysts at Citigroup from $69.00 to $84.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Citigroup’s target price would suggest a potential upside of 18.64% from the stock’s previous close.

A number of other brokerages have also recently weighed in on NEE. Barclays reduced their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Morgan Stanley increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. BMO Capital Markets boosted their price target on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $70.80 on Thursday. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $80.47. The stock’s 50-day moving average is $73.25 and its two-hundred day moving average is $64.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market cap of $145.46 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Analysts forecast that NextEra Energy will post 3.4 EPS for the current fiscal year.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $29,000. American Capital Advisory LLC grew its holdings in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $34,000. 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.