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

Wall Street Zen lowered shares of NextEra Energy (NYSE:NEE) from a hold rating to a sell rating in a research note published on Saturday.

NEE has been the topic of several other reports. HSBC boosted their price target on shares of NextEra Energy from $103.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. DA Davidson lifted their target price on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Cowen upped their target price on NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 27th. HC Wainwright reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Erste Group Bank downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $99.36.

NextEra Energy Stock Down 0.4%

Shares of NextEra Energy stock opened at $86.56 on Friday. The firm has a market cap of $180.56 billion, a PE ratio of 19.45, a P/E/G ratio of 2.38 and a beta of 0.67. The business’s 50 day simple moving average is $87.26 and its 200 day simple moving average is $89.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. NextEra Energy has a 52-week low of $69.24 and a 52-week high of $98.75.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy’s dividend payout ratio is presently 55.96%.

Hedge Funds Weigh In On NextEra Energy

Institutional investors have recently bought and sold shares of the business. Archer Investment Corp raised its stake in NextEra Energy by 1.6% in the second quarter. Archer Investment Corp now owns 32,185 shares of the utilities provider’s stock valued at $2,825,000 after buying an additional 501 shares during the period. Acumen Wealth Advisors LLC boosted its stake in shares of NextEra Energy by 113.8% during the 2nd quarter. Acumen Wealth Advisors LLC now owns 24,912 shares of the utilities provider’s stock worth $2,187,000 after acquiring an additional 13,259 shares during the period. Summit Securities Group LLC increased its holdings in shares of NextEra Energy by 32,335.4% during the 2nd quarter. Summit Securities Group LLC now owns 435,283 shares of the utilities provider’s stock worth $38,205,000 after acquiring an additional 433,941 shares during the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $45,000. Finally, Oakwell Private Wealth Management LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $1,001,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

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.