BMO Capital Markets Cuts NextEra Energy (NYSE:NEE) Price Target to $95.00

NextEra Energy (NYSE:NEE) had its target price cut by BMO Capital Markets from $102.00 to $95.00 in a research note released on Monday, MarketBeat.com reports. They currently have an outperform rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Friday, April 24th. Sanford C. Bernstein set a $107.00 price target on NextEra Energy and gave the company an “outperform” rating in a report on Tuesday, June 16th. Weiss Ratings cut NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Jefferies Financial Group set a $94.00 price objective on NextEra Energy in a research report on Tuesday, July 14th. Finally, HSBC raised their price objective on NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.23.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $89.53 on Monday. NextEra Energy has a twelve month low of $69.24 and a twelve month high of $98.75. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average of $87.56 and a two-hundred day moving average of $89.41. The company has a market capitalization of $186.71 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.40 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently made changes to their positions in NEE. Anfield Capital Management LLC lifted its holdings in shares of NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at $25,000. Financial Life Planners acquired a new position in NextEra Energy during the first quarter valued at $30,000. Wealth Watch Advisors INC raised its position in NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC lifted its stake in NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 172 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.