NextEra Energy (NYSE:NEE) Price Target Cut to $72.00 by Analysts at Barclays

NextEra Energy (NYSE:NEE) had its price target lowered by Barclays from $73.00 to $72.00 in a research report report published on Tuesday, Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.

A number of other equities analysts have also commented on the company. Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a research note on Monday, April 22nd. Mizuho lowered NextEra Energy from a buy rating to a neutral rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the company a neutral rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their target price on NextEra Energy from $76.00 to $90.00 and gave the company an overweight rating in a report on Thursday, June 20th. Finally, StockNews.com raised NextEra Energy from a sell rating to a hold rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $77.50.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.00 on Tuesday. The stock’s fifty day moving average price is $74.27 and its two-hundred day moving average price is $65.28. NextEra Energy has a one year low of $47.15 and a one year high of $80.47. 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 firm has a market cap of $156.14 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company earned $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. As a group, research analysts expect that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s payout ratio is presently 56.13%.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors have recently bought and sold shares of NEE. Norges Bank purchased a new position in NextEra Energy in the fourth quarter valued at approximately $2,561,055,000. M&G Plc bought a new stake in NextEra Energy during the 1st quarter valued at $303,065,000. Zimmer Partners LP raised its holdings in NextEra Energy by 8,447.5% during the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares during the period. State of Michigan Retirement System raised its holdings in NextEra Energy by 400.7% during the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after acquiring an additional 2,250,500 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares during the period. 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.