NextEra Energy (NYSE:NEE) Rating Lowered to “Sell” at Wall Street Zen

NextEra Energy (NYSE:NEE) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently weighed in on NEE. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a report on Wednesday, January 14th. BTIG Research reissued a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Finally, Wolfe Research upped their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.44.

NextEra Energy Stock Up 0.0%

Shares of NYSE:NEE opened at $91.44 on Friday. The business’s 50 day moving average is $90.49 and its 200 day moving average is $84.36. The stock has a market cap of $190.53 billion, a P/E ratio of 27.79 and a beta of 0.75. NextEra Energy has a 52-week low of $61.72 and a 52-week high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company posted $0.53 EPS. NextEra Energy’s revenue was up 20.7% on a year-over-year basis. Sell-side analysts predict that NextEra Energy will post 3.68 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ronald R. Reagan sold 18,620 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. The trade was a 65.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 190,816 shares of company stock valued at $17,075,619 in the last three months. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NextEra Energy

Large investors have recently made changes to their positions in the business. Purpose Unlimited Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth $253,000. Cornerstone Planning LLC purchased a new stake in NextEra Energy in the fourth quarter valued at about $941,000. Rockefeller Capital Management L.P. raised its stake in NextEra Energy by 33.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,167,141 shares of the utilities provider’s stock valued at $173,978,000 after buying an additional 543,511 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $27,000. Finally, World Investment Advisors boosted its holdings in NextEra Energy by 1.9% in the fourth quarter. World Investment Advisors now owns 97,788 shares of the utilities provider’s stock worth $7,850,000 after acquiring an additional 1,841 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

About NextEra Energy

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.