NextEra Energy (NYSE:NEE) Raised to Strong-Buy at Sanford C. Bernstein

NextEra Energy (NYSE:NEE) was upgraded by equities research analysts at Sanford C. Bernstein to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on NEE. UBS Group boosted their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. BTIG Research reissued a “buy” rating and set a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. Jefferies Financial Group boosted their price objective on NextEra Energy from $92.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. BMO Capital Markets cut their target price on NextEra Energy from $104.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Finally, Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an “overweight” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $99.57.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $85.73 on Tuesday. The stock’s 50-day simple moving average is $90.52 and its 200-day simple moving average is $88.28. NextEra Energy has a 52 week low of $67.20 and a 52 week high of $98.75. The company has a market capitalization of $178.78 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts expect that NextEra Energy will post 4.01 earnings per share for the current fiscal year.

Institutional Trading of NextEra Energy

A number of large investors have recently modified their holdings of the company. Indivisible Partners purchased a new stake in NextEra Energy during the fourth quarter worth $1,355,000. First Long Island Investors LLC purchased a new stake in NextEra Energy during the third quarter worth $14,198,000. SevenBridge Financial Group LLC lifted its holdings in NextEra Energy by 39.7% during the third quarter. SevenBridge Financial Group LLC now owns 49,603 shares of the utilities provider’s stock worth $3,745,000 after buying an additional 14,089 shares during the period. Carnegie Investment Counsel lifted its holdings in NextEra Energy by 9.4% during the fourth quarter. Carnegie Investment Counsel now owns 458,141 shares of the utilities provider’s stock worth $36,780,000 after buying an additional 39,250 shares during the period. Finally, Swedbank AB lifted its holdings in shares of NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider’s stock valued at $81,615,000 after purchasing an additional 120,389 shares during the last quarter. Hedge funds and other institutional investors 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.