NextEra Energy (NYSE:NEE) Downgraded to “Equal Weight” at Barclays

Barclays cut shares of NextEra Energy (NYSE:NEE) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The firm currently has $218.00 price target on the utilities provider’s stock.

NEE has been the subject of a number of other research reports. Credit Suisse Group upped their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an outperform rating in a research note on Friday, July 26th. UBS Group upped their price objective on shares of NextEra Energy from $225.00 to $236.00 and gave the company a buy rating in a research note on Friday, June 7th. Wells Fargo & Co upped their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Bank of America upped their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the company a buy rating in a research note on Tuesday, June 25th. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $207.00 to $209.00 and gave the company an overweight rating in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $214.46.

NYSE:NEE opened at $215.62 on Tuesday. The stock has a market cap of $103.72 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 3.23 and a beta of 0.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The company has a 50-day moving average price of $209.45. NextEra Energy has a 12-month low of $164.25 and a 12-month high of $217.18.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. As a group, equities analysts predict that NextEra Energy will post 8.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the transaction, the director now owns 18,315 shares in the company, valued at approximately $3,716,113.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $204.50, for a total value of $3,067,500.00. Following the completion of the transaction, the chief executive officer now owns 21,137 shares of the company’s stock, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,787 shares of company stock valued at $10,945,435. Corporate insiders own 0.48% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Securities Inc. boosted its stake in shares of NextEra Energy by 98.4% during the 4th quarter. Comerica Securities Inc. now owns 3,628 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,799 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in NextEra Energy by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock worth $155,062,000 after acquiring an additional 26,810 shares during the period. USS Investment Management Ltd bought a new position in NextEra Energy during the 1st quarter worth $43,715,000. First Manhattan Co. increased its stake in NextEra Energy by 2.1% during the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 93 shares during the period. Finally, Virtu Financial LLC bought a new position in NextEra Energy during the 1st quarter worth $356,000. Hedge funds and other institutional investors own 75.76% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Analyst Recommendations for NextEra Energy (NYSE:NEE)

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