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

NextEra Energy (NYSE:NEE) had its price objective boosted by stock analysts at Mizuho from $67.00 to $71.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Mizuho’s price target would indicate a potential upside of 7.28% from the company’s previous close.

Several other research firms have also weighed in on NEE. Scotiabank lifted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Bank of America boosted their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, BMO Capital Markets cut their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.21.

NextEra Energy Stock Up 1.3 %

NYSE NEE opened at $66.18 on Wednesday. The stock has a fifty day moving average of $60.26 and a 200-day moving average of $58.83. The stock has a market capitalization of $135.83 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $79.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy will post 3.4 EPS for the current year.

Institutional Trading of NextEra Energy

A number of large investors have recently bought and sold shares of the business. GSG Advisors LLC increased its position in shares of NextEra Energy by 2.6% during the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after buying an additional 162 shares during the period. Greenfield Savings Bank increased its position in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares during the period. Bay Harbor Wealth Management LLC increased its position in shares of NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after buying an additional 172 shares during the period. MKT Advisors LLC increased its position in shares of NextEra Energy by 2.9% during the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after buying an additional 173 shares during the period. Finally, Meritage Portfolio Management increased its position in shares of NextEra Energy by 3.9% during the third quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after buying an additional 177 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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.