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

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

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company increased their target price 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 target price (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a research report on Monday, January 22nd. StockNews.com downgraded NextEra Energy from a hold rating to a sell rating in a research report on Monday, February 19th. Finally, Barclays started 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $71.36.

NextEra Energy Price Performance

NextEra Energy stock opened at $64.31 on Tuesday. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $59.89 and its 200 day simple moving average is $58.51. The company has a market cap of $131.99 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.30 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business 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 quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts forecast that NextEra Energy will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wimmer Associates 1 LLC increased its stake in NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC increased its stake in NextEra Energy by 2.1% in the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares during the last quarter. Baldwin Investment Management LLC increased its stake in NextEra Energy by 0.4% in the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after acquiring an additional 150 shares during the last quarter. GSG Advisors LLC increased its stake in NextEra Energy by 2.6% in the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 162 shares during the last quarter. Finally, Greenfield Savings Bank increased its stake in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

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.