NextEra Energy (NYSE:NEE) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of NextEra Energy (NYSE:NEE – Free Report) from a strong sell rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

NEE has been the subject of several other reports. Mizuho set a $95.00 price objective on NextEra Energy in a research note on Monday, July 27th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research report on Monday, July 27th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a research note on Tuesday, July 14th. Bank of America reduced their price objective on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a report on Tuesday, September 8th. Seventeen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $100.19.

Check Out Our Latest Stock Report on NextEra Energy

NextEra Energy Trading Down 1.1%

Shares of NYSE:NEE opened at $79.60 on Friday. NextEra Energy has a 12-month low of $71.27 and a 12-month high of $98.75. The company has a market capitalization of $166.04 billion, a PE ratio of 17.89, a PEG ratio of 2.49 and a beta of 0.65. The business has a 50 day moving average of $85.21 and a two-hundred day moving average of $88.50. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, analysts forecast that NextEra Energy will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were paid a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a yield of 3.1%. NextEra Energy’s payout ratio is 55.96%.

Institutional Trading of NextEra Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Silicon Valley Capital Partners boosted its position in shares of NextEra Energy by 28.5% during the 2nd quarter. Silicon Valley Capital Partners now owns 635 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 141 shares during the last quarter. Wellington Altus USA Inc. increased its position in NextEra Energy by 101.1% during the second quarter. Wellington Altus USA Inc. now owns 1,828 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 919 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its stake in NextEra Energy by 1.2% during the second quarter. Reynders McVeigh Capital Management LLC now owns 20,677 shares of the utilities provider’s stock worth $1,815,000 after purchasing an additional 243 shares during the period. Bullseye Investment Management LLC purchased a new position in NextEra Energy during the second quarter worth about $72,000. Finally, Rench Wealth Management Inc. boosted its holdings in NextEra Energy by 0.6% in the 2nd quarter. Rench Wealth Management Inc. now owns 75,434 shares of the utilities provider’s stock valued at $6,621,000 after purchasing an additional 467 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

About NextEra Energy

(Get Free Report)

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), it generates, transmits, distributes and sells electricity to customers in Florida. FPL serves residential, commercial and industrial customers across much of the state.

Through NextEra Energy Resources, the company develops, owns and operates power-generation and storage projects in the United States and Canada.

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