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

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

Several other research firms also recently commented on NEE. Morgan Stanley set a $110.00 target price on shares of NextEra Energy and gave the stock an “overweight” rating in a research report on Wednesday, October 14th. Bank of America reduced their target price on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $99.30.

NextEra Energy Price Performance

Shares of NEE opened at $78.21 on Friday. NextEra Energy has a 12-month low of $74.41 and a 12-month high of $98.75. The business has a 50-day simple moving average of $81.00 and a two-hundred day simple moving average of $86.48. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The stock has a market cap of $163.14 billion, a PE ratio of 20.41, a PEG ratio of 2.46 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $1.05 earnings per share. The business’s quarterly 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. Analysts anticipate that NextEra Energy will post 4.03 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 3.2%. NextEra Energy’s dividend payout ratio is presently 55.96%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in the stock. Czech National Bank increased its position in shares of NextEra Energy by 4.7% in the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after acquiring an additional 26,378 shares during the period. Annex Advisory Services LLC raised its stake in shares of NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after acquiring an additional 86,585 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NextEra Energy by 4.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock valued at $47,797,000 after acquiring an additional 21,569 shares during the last quarter. Avity Investment Management Inc. raised its stake in shares of NextEra Energy by 5.7% during the second quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock valued at $43,936,000 after acquiring an additional 26,848 shares during the last quarter. Finally, CV Advisors LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $1,404,000. 78.72% of the stock is currently owned by institutional investors.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.