NextEra Energy (NYSE:NEE) Lowered to Sell Rating by Wall Street Zen

NextEra Energy (NYSE:NEE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also issued reports on NEE. Morgan Stanley reaffirmed an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a research note on Friday, February 20th. Mizuho set a $90.00 price target on NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. HSBC raised their price target on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. 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, UBS Group increased their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.44.

NextEra Energy Price Performance

NEE stock opened at $91.44 on Friday. NextEra Energy has a 52 week low of $61.72 and a 52 week high of $95.91. The firm has a market capitalization of $190.53 billion, a P/E ratio of 27.79 and a beta of 0.76. The company has a fifty day simple moving average of $90.49 and a two-hundred day simple moving average of $84.17. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

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

Insider Activity

In other news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the sale, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. The trade was a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 190,816 shares of company stock valued at $17,075,619. Insiders own 0.20% of the company’s stock.

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently modified their holdings of NEE. Goodman Advisory Group LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $25,000. Anfield Capital Management LLC lifted its stake in NextEra Energy by 692.3% in the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 270 shares during the period. Finally, Wealth Watch Advisors INC lifted its stake in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 226 shares during the period. 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.