BMO Capital Markets Lowers NextEra Energy (NYSE:NEE) Price Target to $95.00

NextEra Energy (NYSE:NEE) had its price target dropped by equities research analysts at BMO Capital Markets from $102.00 to $95.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 7.06% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Evercore reissued an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a report on Monday, May 4th. Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, TD Cowen boosted their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $99.32.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $88.73 on Monday. The business has a 50 day moving average price of $87.94 and a 200 day moving average price of $89.24. NextEra Energy has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a market cap of $185.04 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.43 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Research analysts predict that NextEra Energy will post 4.01 earnings per share for the current year.

Hedge Funds Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth about $25,000. Anfield Capital Management LLC grew its stake in shares of NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Wealth Watch Advisors INC grew its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Osbon Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $29,000. 78.72% of the stock is owned by institutional investors.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.