NextEra Energy (NYSE:NEE) Stock Rating Upgraded by Wall Street Zen

NextEra Energy (NYSE:NEE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley increased their target price on shares of NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Barclays set a $91.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. BTIG Research reiterated a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. Finally, DA Davidson raised their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $99.90.

NextEra Energy Stock Performance

Shares of NEE traded up $0.79 during mid-day trading on Friday, hitting $87.89. The stock had a trading volume of 11,222,744 shares, compared to its average volume of 11,218,148. NextEra Energy has a fifty-two week low of $69.24 and a fifty-two week high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The company has a market cap of $183.27 billion, a PE ratio of 22.36, a PEG ratio of 2.58 and a beta of 0.67. The company’s fifty day simple moving average is $88.56 and its two-hundred day simple moving average is $88.87.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company posted $0.99 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, equities analysts expect that NextEra Energy will post 4.01 earnings per share for the current year.

Hedge Funds Weigh In On NextEra Energy

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in NextEra Energy in the 4th quarter valued at about $2,816,327,000. Employees Provident Fund Board bought a new stake in shares of NextEra Energy during the 4th quarter worth about $240,840,000. Pictet Asset Management Holding SA lifted its stake in shares of NextEra Energy by 47.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock worth $742,913,000 after acquiring an additional 2,972,924 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $177,198,000. Finally, Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after acquiring an additional 2,234,176 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

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.