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

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

Other analysts have also issued reports about the stock. Royal Bank of Canada upped their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an outperform rating in a research report on Wednesday, June 12th. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an overweight rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price target on NextEra Energy from $79.00 to $83.00 and gave the company an outperform rating in a research note on Monday, July 15th. Citigroup lifted their price objective 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 initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a hold rating and a $87.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $82.07.

NextEra Energy Price Performance

Shares of NEE opened at $84.52 on Friday. The company has a 50 day moving average of $79.85 and a 200-day moving average of $73.57. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a market capitalization 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 twelve month low of $47.15 and a twelve month high of $85.56.

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

NextEra Energy Announces Dividend

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

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of NextEra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC raised its position in shares of NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after acquiring an additional 26,382 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Raymond James & Associates increased its position in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after buying an additional 2,163,437 shares during the period. Holderness Investments Co. raised its stake in NextEra Energy by 139.0% during the fourth quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock worth $691,000 after buying an additional 6,617 shares during the last quarter. Finally, Magnolia Capital Advisors LLC lifted its holdings in NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after buying an additional 66,982 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Company Profile

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.