NextEra Energy (NYSE:NEE) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of NextEra Energy (NYSE:NEE) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

NEE has been the subject of several other reports. Wolfe Research boosted their price target on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. BMO Capital Markets set a $95.00 target price on shares of NextEra Energy in a research note on Thursday, January 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a report on Friday, February 20th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Finally, Barclays raised their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.44.

NextEra Energy Trading Up 0.6%

Shares of NextEra Energy stock opened at $91.98 on Friday. The firm has a market capitalization of $191.64 billion, a PE ratio of 27.96 and a beta of 0.75. NextEra Energy has a twelve month low of $61.72 and a twelve month high of $95.91. The firm’s 50-day moving average price is $90.65 and its 200 day moving average price is $84.51. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the business earned $0.53 EPS. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts predict that NextEra Energy will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is 75.68%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock worth $17,075,619 in the last 90 days. Insiders own 0.18% of the company’s stock.

Institutional Trading of NextEra Energy

Institutional investors have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth about $25,000. Anfield Capital Management LLC boosted its holdings in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Finally, Wealth Watch Advisors INC boosted its holdings in NextEra Energy by 223.8% during the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Company Profile

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.