BMO Capital Markets Lowers NextEra Energy (NYSE:NEE) Price Target to $68.00

NextEra Energy (NYSE:NEE) had its price target dropped by BMO Capital Markets from $77.00 to $68.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target points to a potential upside of 6.60% from the company’s previous close.

Other research analysts also recently issued reports about the company. Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Mizuho restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Stock Up 3.4 %

Shares of NextEra Energy stock opened at $63.79 on Tuesday. The firm has a market cap of $130.92 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.26 and a beta of 0.51. 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 has a 52-week low of $47.15 and a 52-week high of $79.78. The stock has a 50-day simple moving average of $59.58 and a 200-day simple moving average of $58.39.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate 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 business posted $0.51 EPS. On average, equities research analysts expect that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

Institutional Trading of NextEra Energy

Large investors have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC bought a new stake in NextEra Energy in the second quarter valued at $32,000. Clear Investment Research LLC boosted its stake in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. boosted its stake in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in NextEra Energy by 124.1% in the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

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.