Weiss Ratings Reiterates Hold (C+) Rating for NextEra Energy (NYSE:NEE)

Key Points

• Weiss Ratings has reiterated a "hold (C+)" rating for NextEra Energy (NYSE: NEE), signaling cautious optimism amidst mixed analyst evaluations.
• Multiple analysts have provided varying price targets for NextEra Energy, with the consensus price target now at $85.57, reflecting a general belief in the stock's potential growth.
• The stock recently traded at $84.52 with a market capitalization of approximately $174.04 billion and a notable P/E ratio of 29.56, indicating its valuation relative to earnings.

NextEra Energy (NYSE:NEE - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the stock. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Morgan Stanley restated an "overweight" rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.57.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.22 during midday trading on Tuesday, hitting $84.52. The stock had a trading volume of 4,273,208 shares, compared to its average volume of 11,585,035. The firm's fifty day moving average is $74.47 and its two-hundred day moving average is $71.85. The company has a market capitalization of $174.04 billion, a PE ratio of 29.56, a P/E/G ratio of 2.82 and a beta of 0.66. NextEra Energy has a 52-week low of $61.72 and a 52-week high of $86.00. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. On average, research analysts forecast that NextEra Energy will post 3.68 EPS for the current year.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of NextEra Energy

Several hedge funds and other institutional investors have recently bought and sold shares of NEE. Activest Wealth Management raised its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider's stock valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy during the 2nd quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy during the 1st quarter valued at $26,000. Finally, Quaker Wealth Management LLC lifted its position in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider's stock worth $27,000 after purchasing an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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