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

NextEra Energy (NYSE:NEE) had its price target lowered by BMO Capital Markets from $77.00 to $68.00 in a research note released on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

Other equities research analysts have also issued research reports about the company. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an equal weight rating and a $66.00 target price on the stock. StockNews.com lowered NextEra Energy from a hold rating to a sell rating in a research report on Monday, February 19th. Royal Bank of Canada reaffirmed an outperform rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Mizuho reaffirmed a buy rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of Moderate Buy and an average price target of $71.36.

NextEra Energy Price Performance

NEE stock opened at $61.70 on Tuesday. 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 1 year low of $47.15 and a 1 year high of $79.78. The firm has a market capitalization of $126.63 billion, a P/E ratio of 17.09, a P/E/G ratio of 2.27 and a beta of 0.51. The business’s 50-day moving average is $59.43 and its two-hundred day moving average is $58.35.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the company earned $0.51 EPS. Analysts anticipate that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. NextEra Energy’s payout ratio is 57.06%.

Institutional Trading of NextEra Energy

Institutional investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC purchased a new stake in NextEra Energy during the second quarter worth $32,000. Clear Investment Research LLC boosted 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 worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. boosted 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 worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, GeoWealth Management LLC boosted its position in NextEra Energy by 124.1% during 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 hedge funds and other institutional investors.

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.