NextEra Energy (NYSE:NEE) Stock Price Target Cut by Scotiabank

NextEra Energy (NYSE:NEE) had its price target lowered by stock analysts at Scotiabank from $110.00 to $99.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the utilities provider’s stock. Scotiabank’s price target would suggest a potential upside of 30.29% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Morgan Stanley decreased their price target on shares of NextEra Energy from $114.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Tuesday, September 8th. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Wall Street Zen upgraded NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, Erste Group Bank lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

NextEra Energy Stock Up 0.7%

NYSE NEE opened at $75.99 on Wednesday. The business has a fifty day moving average price of $83.75 and a two-hundred day moving average price of $87.87. The stock has a market capitalization of $158.51 billion, a PE ratio of 17.08, a PEG ratio of 2.34 and a beta of 0.65. NextEra Energy has a fifty-two week low of $74.78 and a fifty-two week high of $98.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.NextEra Energy’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities analysts expect that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

Institutional Trading of NextEra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at $26,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth $26,000. Osbon Capital Management LLC bought a new position in NextEra Energy during the fourth quarter worth $27,000. Finally, Financial Life Planners acquired a new position in NextEra Energy in the first quarter valued at $30,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

About NextEra Energy

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.