NextEra Energy’s (NEE) “Overweight” Rating Reiterated at Wells Fargo & Company

NextEra Energy (NYSE:NEEGet Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Wells Fargo & Company in a research note issued on Wednesday, Benzinga reports. They presently have a $95.00 price target on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 29.82% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Morgan Stanley increased their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets lifted their price objective on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

Get Our Latest Stock Analysis on NextEra Energy

NextEra Energy Stock Up 1.3 %

NYSE:NEE opened at $73.18 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy has a 12-month low of $47.15 and a 12-month high of $80.47. The stock’s fifty day simple moving average is $71.37 and its 200-day simple moving average is $63.44. The firm has a market capitalization of $150.35 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.82 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 earnings per share. Equities research analysts expect that NextEra Energy will post 3.4 earnings per share for the current year.

Hedge Funds Weigh In On NextEra Energy

A number of large investors have recently modified their holdings of the business. Navellier & Associates Inc. acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $687,000. Atomi Financial Group Inc. grew its position in shares of NextEra Energy by 27.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,701 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 1,455 shares during the period. Heritage Investors Management Corp increased its stake in shares of NextEra Energy by 17.3% during the 3rd quarter. Heritage Investors Management Corp now owns 158,289 shares of the utilities provider’s stock worth $9,068,000 after purchasing an additional 23,327 shares during the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $141,817,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in NextEra Energy by 6.0% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 18,388 shares of the utilities provider’s stock valued at $1,053,000 after purchasing an additional 1,047 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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