NextEra Energy (NYSE:NEE) Rating Reiterated by Mizuho

NextEra Energy (NYSE:NEE)‘s stock had its “buy” rating reiterated by analysts at Mizuho in a research report issued on Friday, Benzinga reports. They currently have a $67.00 target price on the utilities provider’s stock, up from their previous target price of $65.00. Mizuho’s price target indicates a potential upside of 11.36% from the company’s current price.

NEE has been the topic of several other research reports. Morgan Stanley cut their price objective on NextEra Energy from $79.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, November 21st. Citigroup initiated coverage on NextEra Energy in a report on Friday, December 8th. They set a “buy” rating and a $69.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. BMO Capital Markets lifted their price objective on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday. Finally, StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.38.

NextEra Energy Trading Up 0.1 %

Shares of NextEra Energy stock traded up $0.09 during trading on Friday, hitting $60.17. 17,071,259 shares of the company were exchanged, compared to its average volume of 11,902,995. The firm has a market capitalization of $123.48 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $79.78. The firm’s fifty day moving average price is $57.66 and its 200 day moving average price is $58.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the company earned $0.51 EPS. As a group, sell-side analysts expect that NextEra Energy will post 3.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wimmer Associates 1 LLC lifted its stake in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC lifted its stake in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares during the last quarter. Baldwin Investment Management LLC lifted its stake in NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 150 shares during the last quarter. Greenfield Savings Bank lifted its stake in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its stake in NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 169 shares during the last quarter. 76.48% of the stock is 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.