NextEra Energy (NYSE:NEE) Price Target Raised to $99.00 at BMO Capital Markets

NextEra Energy (NYSE:NEEFree Report) had its price target boosted by BMO Capital Markets from $95.00 to $99.00 in a research report report published on Wednesday morning,MarketScreener reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other research analysts also recently commented on the company. Mizuho boosted their price target on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. BTIG Research reiterated a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Wells Fargo & Company raised their target price on shares of NextEra Energy from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group upped their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Barclays increased their price target on shares of NextEra Energy from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.67.

Read Our Latest Report on NextEra Energy

NextEra Energy Stock Up 5.2%

NYSE:NEE traded up $4.68 during trading hours on Wednesday, reaching $94.68. 4,317,307 shares of the stock were exchanged, compared to its average volume of 9,454,659. NextEra Energy has a twelve month low of $63.88 and a twelve month high of $96.21. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a 50 day moving average of $92.32 and a 200 day moving average of $86.65. The stock has a market cap of $197.44 billion, a PE ratio of 28.73, a PEG ratio of 2.66 and a beta of 0.74.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities analysts expect that NextEra Energy will post 4.01 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. NextEra Energy’s dividend payout ratio is 75.68%.

Insiders Place Their Bets

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 179,990 shares of company stock valued at $16,155,409 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter worth approximately $25,000. Laurel Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth $25,000. Anfield Capital Management LLC raised its position in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $27,000. 78.72% of the stock is owned by institutional investors.

Key Headlines Impacting NextEra Energy

Here are the key news stories impacting NextEra Energy this week:

NextEra Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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