NextEra Energy (NYSE:NEE) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded NextEra Energy to “strong sell” from “sell,” contrasting with the broader analyst consensus of “moderate buy,” based on 17 Buy and six Hold ratings.
• Analysts’ consensus price target is $100.33, while the stock opened at $83.71 and has traded between $69.24 and $98.75 over the past year.
• NextEra exceeded quarterly EPS expectations, reporting $1.15 versus the $1.11 consensus estimate, while revenue rose 12.4% year over year to $7.53 billion but fell short of estimates.

NextEra Energy (NYSE:NEE - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a report released on Saturday.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Bank of America reduced 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 raised their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. BTIG Research reissued a "buy" rating and issued a $112.00 target price on shares of NextEra Energy in a research report on Friday, April 24th. Finally, DA Davidson upped their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Stock Performance

NYSE:NEE opened at $83.71 on Friday. The firm has a 50-day moving average of $87.22 and a two-hundred day moving average of $89.88. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The stock has a market cap of $174.60 billion, a P/E ratio of 18.81, a PEG ratio of 2.33 and a beta of 0.67. NextEra Energy has a 1-year low of $69.24 and a 1-year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) 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 business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, research analysts expect that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider's stock worth $17,343,185,000 after buying an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider's stock valued at $3,781,790,000 after buying an additional 966,152 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter valued at $2,816,327,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider's stock valued at $1,474,407,000 after acquiring an additional 1,136,074 shares during the period. Finally, Deutsche Bank AG grew its position in shares of NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider's stock worth $1,387,347,000 after acquiring an additional 485,854 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source