NextEra Energy (NYSE:NEE) Upgraded to “Hold” at StockNews.com

NextEra Energy (NYSE:NEE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other research firms have also weighed in on NEE. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Morgan Stanley raised their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Guggenheim raised their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Scotiabank raised 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Stock Performance

NYSE:NEE opened at $68.62 on Thursday. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $61.49 and a 200-day moving average of $59.41. The firm has a market cap of $140.98 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.48 and a beta 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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. Analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $29,000. American Capital Advisory LLC raised its position in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. 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.