Scotiabank Issues Pessimistic Forecast for NextEra Energy (NYSE:NEE) Stock Price

Key Points

• Scotiabank cut NextEra Energy’s price target to $99 from $110 while maintaining an “outperform” rating, implying roughly 30% upside from the $75.99 share price.
• Analyst sentiment remains broadly positive: 18 analysts rate the stock a Buy and five a Hold, producing a “Moderate Buy” consensus rating and an average price target of $99.67.
• NextEra exceeded quarterly EPS expectations with $1.15 versus $1.11 forecast, while revenue rose 12.4% year over year to $7.53 billion; institutional investors own nearly 79% of the company.

NextEra Energy (NYSE:NEE - Get Free Report) had its price target cut by research analysts at Scotiabank from $110.00 to $99.00 in a report released on Wednesday. The firm presently has an "outperform" rating on the utilities provider's stock. Scotiabank's price target points to a potential upside of 30.29% from the company's current price.

NEE has been the subject of a number of other research reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $94.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Erste Group Bank cut shares of NextEra Energy from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. HC Wainwright reiterated a "buy" rating on shares of NextEra Energy in a report on Monday, July 27th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 target price on shares of NextEra Energy in a report on Monday, July 27th. Finally, Barclays set a $91.00 price target on NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $99.67.

NextEra Energy Stock Performance

NYSE NEE opened at $75.99 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company's fifty day moving average is $83.75 and its two-hundred day moving average is $87.87. NextEra Energy has a 52-week low of $74.78 and a 52-week high of $98.75. The firm has a market capitalization of $158.51 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 2.34 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts forecast that NextEra Energy will post 4.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $1,465,987,000. GQG Partners LLC bought a new position in NextEra Energy during the 2nd quarter worth $651,293,000. Canada Pension Plan Investment Board acquired a new position in NextEra Energy in the 2nd quarter valued at $389,527,000. Amundi lifted its position in shares of NextEra Energy by 46.5% during the 2nd quarter. Amundi now owns 13,329,077 shares of the utilities provider's stock valued at $1,169,839,000 after acquiring an additional 4,231,814 shares during the period. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of NextEra Energy during the 2nd quarter worth $288,886,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Company Profile

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.

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