NextEra Energy (NYSE:NEE) Downgraded to “Hold” at Dbs Bank

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

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an overweight rating in a research note on Tuesday, September 3rd. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a research note on Wednesday, June 12th. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a hold rating and a $87.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $82.07.

NextEra Energy Stock Down 0.0 %

NEE opened at $84.52 on Friday. The stock’s 50 day moving average price is $79.85 and its 200 day moving average price is $73.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market cap of $173.65 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.08 and a beta of 0.56. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $85.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, research analysts predict that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the period. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. American Capital Advisory LLC boosted its position in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the second quarter valued at about $33,000. Finally, Neo Ivy Capital Management acquired a new position in NextEra Energy in the 4th quarter worth about $40,000. 78.72% of the stock is owned by hedge funds and other 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.