BMO Capital Markets Issues Positive Forecast for NextEra Energy (NYSE:NEE) Stock Price

NextEra Energy (NYSE:NEE) had its target price upped by equities research analysts at BMO Capital Markets from $82.00 to $84.00 in a report issued on Monday. BMO Capital Markets’ price objective indicates a potential upside of 19.15% from the stock’s previous close.

A number of other research analysts have also recently issued reports on NEE. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $70.50 on Monday. The stock’s 50-day moving average is $72.97 and its 200 day moving average is $77.18. The stock has a market cap of $144.97 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.29 and a beta of 0.58. NextEra Energy has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. On average, sell-side analysts anticipate that NextEra Energy will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by insiders.

Institutional Trading of NextEra Energy

Hedge funds have recently made changes to their positions in the stock. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth about $36,000. 78.72% of the stock is owned by 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.