NextEra Energy (NYSE:NEE) Downgraded by Royal Bank of Canada

Royal Bank of Canada lowered shares of NextEra Energy (NYSE:NEE) from a moderate buy rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

Several other research analysts also recently issued reports on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Down 1.7 %

Shares of NYSE NEE opened at $81.43 on Tuesday. The firm’s 50-day simple moving average is $82.30 and its 200 day simple moving average is $76.01. The company has a market cap of $167.30 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy has a 12-month low of $53.81 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, research analysts expect that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is presently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Large investors have recently added to or reduced their stakes in the business. Proffitt & Goodson Inc. raised its stake in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Valley Wealth Managers Inc. bought a new position in NextEra Energy during the 2nd quarter worth $33,000. Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter worth $39,000. Finally, Family Firm Inc. bought a new position in NextEra Energy during the 2nd quarter worth $40,000. Institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.