NextEra Energy (NYSE:NEE) Price Target Cut to $93.00 by Analysts at Bank of America

NextEra Energy (NYSE:NEE) had its price target dropped by equities research analysts at Bank of America from $95.00 to $93.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Bank of America‘s price objective suggests a potential upside of 5.46% from the company’s current price.

Other research analysts also recently issued research reports about the company. Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. BTIG Research reaffirmed a “buy” rating and set a $112.00 price target on shares of NextEra Energy in a research report on Friday, April 24th. Mizuho increased their price objective on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Sunday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $99.59.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.23 during trading hours on Monday, reaching $88.19. The company had a trading volume of 1,006,680 shares, compared to its average volume of 10,509,419. The firm has a market cap of $183.90 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.58 and a beta of 0.67. 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’s 50 day moving average price is $88.56 and its 200-day moving average price is $88.93. NextEra Energy has a 52 week low of $69.24 and a 52 week high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. 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 12.25% and a net margin of 29.36%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, analysts forecast that NextEra Energy will post 4.01 EPS for the current year.

Institutional Investors Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in NextEra Energy during the fourth quarter valued at approximately $2,816,327,000. Employees Provident Fund Board purchased a new stake in shares of NextEra Energy in the fourth quarter worth $240,840,000. Pictet Asset Management Holding SA increased its stake in shares of NextEra Energy by 47.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after purchasing an additional 2,972,924 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $177,198,000. Finally, Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after buying an additional 2,234,176 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Company Profile

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.