NextEra Energy (NYSE:NEE) Cut to Strong Sell at Wall Street Zen

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

NEE has been the topic of several other research reports. Bank of America lowered their price objective on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Scotiabank cut their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Sanford C. Bernstein restated an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Mizuho set a $95.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $99.67.

NextEra Energy Trading Down 0.6%

Shares of NYSE:NEE opened at $76.33 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The stock’s 50-day moving average is $82.70 and its 200-day moving average is $87.41. The company has a market cap of $159.23 billion, a P/E ratio of 17.15, a P/E/G ratio of 2.38 and a beta of 0.64. NextEra Energy has a 52-week low of $74.41 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Equities research analysts predict that NextEra Energy will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEE. Baker Tilly Wealth Management LLC raised its stake in shares of NextEra Energy by 11.9% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,783 shares of the utilities provider’s stock valued at $287,000 after buying an additional 403 shares in the last quarter. Adelphi Trust Co lifted its holdings in shares of NextEra Energy by 4.2% during the 3rd quarter. Adelphi Trust Co now owns 6,710 shares of the utilities provider’s stock worth $508,000 after acquiring an additional 271 shares during the period. Heartwood Wealth Advisors LLC boosted its position in shares of NextEra Energy by 2.1% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 7,172 shares of the utilities provider’s stock valued at $543,000 after acquiring an additional 149 shares in the last quarter. Rockland Trust Co. increased its stake in NextEra Energy by 2.7% in the third quarter. Rockland Trust Co. now owns 385,956 shares of the utilities provider’s stock valued at $29,232,000 after acquiring an additional 10,264 shares during the period. Finally, Polaris Financial Partners bought a new stake in NextEra Energy in the third quarter valued at about $219,000. 78.72% of the stock is owned by institutional investors.

About NextEra Energy

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.