NextEra Energy (NYSE:NEE) Price Target Increased to $84.00 by Analysts at Citigroup

NextEra Energy (NYSE:NEE) had its price target raised by Citigroup from $69.00 to $84.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

NEE has been the topic of several other reports. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a neutral rating in a research report on Tuesday, April 23rd. BMO Capital Markets raised their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an overweight rating in a research report on Thursday, June 20th. Evercore ISI raised their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a research report on Wednesday, June 12th. Finally, StockNews.com raised shares of 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 MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $77.57.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $73.72 on Thursday. The business’s 50-day moving average is $72.93 and its two-hundred day moving average is $64.33. The company has a market cap of $151.46 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.50 and a beta of 0.56. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. HM Payson & Co. lifted its stake in shares of NextEra Energy by 0.3% in the 1st quarter. HM Payson & Co. now owns 58,691 shares of the utilities provider’s stock valued at $3,751,000 after purchasing an additional 199 shares during the last quarter. Keynote Financial Services LLC purchased a new stake in NextEra Energy during the 1st quarter valued at $570,000. IMS Capital Management boosted its stake in NextEra Energy by 1.7% during the first quarter. IMS Capital Management now owns 13,742 shares of the utilities provider’s stock worth $878,000 after buying an additional 226 shares during the period. Jackson Wealth Management LLC increased its position in NextEra Energy by 38.7% during the first quarter. Jackson Wealth Management LLC now owns 104,547 shares of the utilities provider’s stock valued at $6,682,000 after acquiring an additional 29,195 shares during the last quarter. Finally, Clear Rock Advisors LLC increased its position in NextEra Energy by 5.2% during the first quarter. Clear Rock Advisors LLC now owns 30,404 shares of the utilities provider’s stock valued at $1,943,000 after acquiring an additional 1,495 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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.