NextEra Energy (NYSE:NEE) Price Target Raised to $96.00 at BMO Capital Markets

NextEra Energy (NYSE:NEE) had its target price boosted by research analysts at BMO Capital Markets from $94.00 to $96.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.00% from the stock’s current price.

NEE has been the subject of several other reports. TD Cowen boosted their price objective on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday. Barclays set a $91.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $99.32.

NextEra Energy Stock Performance

Shares of NEE opened at $89.72 on Monday. The firm has a fifty day moving average of $87.38 and a 200-day moving average of $89.53. The company has a market cap of $187.10 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy has a 1 year low of $69.24 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $7.27 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, equities analysts anticipate that NextEra Energy will post 4 earnings per share for the current year.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently made changes to their positions in NEE. Indivisible Partners purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $1,355,000. Carnegie Investment Counsel lifted its holdings in shares of NextEra Energy by 9.4% during the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after buying an additional 39,250 shares during the last quarter. Swedbank AB increased its stake in NextEra Energy by 13.4% during the fourth quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after acquiring an additional 120,389 shares during the period. Fisher Funds Management LTD raised its position in NextEra Energy by 3.5% in the fourth quarter. Fisher Funds Management LTD now owns 619,640 shares of the utilities provider’s stock worth $49,884,000 after purchasing an additional 20,709 shares in the last quarter. Finally, MGO One Seven LLC boosted its position in NextEra Energy by 12.1% in the fourth quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider’s stock valued at $11,018,000 after buying an additional 14,828 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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.