NextEra Energy (NYSE:NEE) Stock Rating Lowered by Dbs Bank

Dbs Bank lowered shares of NextEra Energy (NYSE:NEE) from a strong-buy rating to a hold rating in a report published on Friday morning, Zacks.com reports.

NEE has been the subject of several other research reports. Evercore ISI increased their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a research note on Wednesday, June 12th. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an overweight rating in a research report on Tuesday, September 3rd. Royal Bank of Canada boosted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an outperform rating in a report on Wednesday, June 12th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an outperform rating in a report on Monday, July 15th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an overweight rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $82.07.

NextEra Energy Price Performance

NYSE NEE opened at $84.52 on Friday. The stock has a 50-day simple moving average of $79.85 and a 200 day simple moving average of $73.57. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $85.56. The stock has a market capitalization of $173.65 billion, a PE ratio of 23.03, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Research analysts anticipate that NextEra Energy will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On NextEra Energy

Large investors have recently modified their holdings of the business. Proffitt & Goodson Inc. grew its position in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. American Capital Advisory LLC boosted its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the second quarter worth $33,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of NextEra Energy during the fourth quarter worth $40,000. 78.72% of the stock is currently owned by institutional investors.

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.