NextEra Energy (NYSE:NEE) Stock Price Down 1.1% Following Analyst Downgrade

NextEra Energy, Inc. (NYSE:NEE) shares traded down 1.1% during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $114.00 to $111.00. Morgan Stanley currently has an overweight rating on the stock. NextEra Energy traded as low as $79.55 and last traded at $79.60. Approximately 9,254,819 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 10,584,329 shares. The stock had previously closed at $80.47.

Several other equities research analysts have also recently weighed in on NEE. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Jefferies Financial Group set a $94.00 target price on shares of NextEra Energy in a research report on Tuesday, July 14th. Wall Street Zen cut shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Finally, Barclays set a $91.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $100.19.

Institutional Trading of NextEra Energy

A number of institutional investors and hedge funds have recently modified their holdings of NEE. Czech National Bank grew its holdings in NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after acquiring an additional 26,378 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of NextEra Energy by 13.9% in the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after acquiring an additional 86,585 shares during the last quarter. CV Advisors LLC bought a new position in shares of NextEra Energy in the second quarter worth about $1,404,000. Avity Investment Management Inc. lifted its position in shares of NextEra Energy by 5.7% during the second quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after purchasing an additional 26,848 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the second quarter worth approximately $9,517,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The company’s 50 day moving average price is $85.39 and its 200 day moving average price is $88.59. The firm has a market capitalization of $166.04 billion, a P/E ratio of 17.89, a PEG ratio of 2.49 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the company posted $1.05 EPS. NextEra Energy’s revenue was up 12.4% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.1%. NextEra Energy’s payout ratio is presently 55.96%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), it generates, transmits, distributes and sells electricity to customers in Florida. FPL serves residential, commercial and industrial customers across much of the state.

Through NextEra Energy Resources, the company develops, owns and operates power-generation and storage projects in the United States and Canada.