Morgan Stanley Issues Positive Forecast for NextEra Energy (NYSE:NEE) Stock Price

NextEra Energy (NYSE:NEE) had its price target increased by investment analysts at Morgan Stanley from $111.00 to $117.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 34.56% from the company’s previous close.

A number of other brokerages have also commented on NEE. Jefferies Financial Group boosted their price objective on NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, April 21st. TD Cowen increased their price target on NextEra Energy from $99.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Evercore reiterated an “outperform” rating and issued a $107.00 target price on shares of NextEra Energy in a research note on Monday, May 4th. Finally, Scotiabank increased their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $99.86.

NextEra Energy Stock Up 0.6%

NextEra Energy stock opened at $86.95 on Wednesday. The firm has a market capitalization of $181.33 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The firm’s fifty day moving average price is $89.91 and its two-hundred day moving average price is $88.32. NextEra Energy has a 1-year low of $67.20 and a 1-year 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.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 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 during the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities research analysts predict that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in NEE. Laurel Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $25,000. Anfield Capital Management LLC increased its stake in shares of NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Wealth Watch Advisors INC increased its stake in shares of NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 226 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $27,000. Finally, Strive Asset Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $29,000. 78.72% of the stock is currently owned by 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.