NextEra Energy (NYSE:NEE) Stock Price Down 1.1% After Analyst Downgrade

Key Points

• NextEra Energy shares fell 1.1% to $79.60 after Morgan Stanley lowered its price target from $114 to $111, while maintaining an overweight rating.
• Analyst sentiment remains broadly positive: 17 analysts rate the stock Buy and six rate it Hold, producing a “Moderate Buy” consensus and average price target of $100.19.
• NextEra reported quarterly EPS of $1.15, beating estimates, and pays a quarterly dividend of $0.6232—an annualized $2.49 and 3.1% yield. Institutional investors own approximately 78.7% of the company.

Shares of NextEra Energy, Inc. (NYSE:NEE - Get Free Report) fell 1.1% during trading on Monday after Morgan Stanley lowered their price target on the stock from $114.00 to $111.00. Morgan Stanley currently has an overweight rating on the stock. NextEra Energy traded as low as $79.55 and last traded at $79.60. 9,254,819 shares traded hands during trading, a decline of 13% from the average daily volume of 10,584,329 shares. The stock had previously closed at $80.47.

A number of other equities research analysts also recently issued reports on the company. Sanford C. Bernstein reissued an "outperform" rating and set a $108.00 price target on shares of NextEra Energy in a research report on Monday, July 27th. Bank of America reduced their price objective on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Wall Street Zen cut NextEra Energy from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Weiss Ratings reissued a "buy (b-)" rating on shares of NextEra Energy in a research report on Tuesday, September 8th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $100.19.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Walker Asset Management LLC grew its holdings in NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock valued at $465,000 after purchasing an additional 107 shares during the last quarter. PUREfi Wealth LLC lifted its stake in shares of NextEra Energy by 0.9% in the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after buying an additional 107 shares during the last quarter. Garrison Point Advisors LLC lifted its stake in shares of NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock worth $2,269,000 after buying an additional 109 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock worth $94,000 after buying an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock worth $55,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 1.1%

The business's 50 day moving average is $85.39 and its 200-day moving average is $88.59. 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 firm has a market capitalization of $166.04 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.49 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the firm posted $1.05 EPS. 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. Equities analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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 was Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.1%. NextEra Energy's payout ratio is presently 55.96%.

NextEra Energy Company Profile

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), it generates, transmits, distributes and sells electricity to customers in Florida. FPL serves residential, commercial and industrial customers across much of the state.

Through NextEra Energy Resources, the company develops, owns and operates power-generation and storage projects in the United States and Canada.

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