NextEra Energy (NYSE:NEE) Upgraded at Sanford C. Bernstein

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

NEE has been the topic of several other reports. Morgan Stanley set a $111.00 price target on NextEra Energy in a research report on Thursday, May 21st. Mizuho raised their price target on NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Wells Fargo & Company set a $102.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research report on Friday, April 24th. Barclays set a $90.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Scotiabank raised their price target on NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.57.

NextEra Energy Price Performance

NEE 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. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy has a 1 year low of $67.20 and a 1 year high of $98.75. The firm has a market cap of $178.78 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.53 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $7.43 billion. During the same period last year, the company earned $0.99 EPS. NextEra Energy’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, analysts predict that NextEra Energy will post 4.01 earnings per share for the current year.

Institutional Investors Weigh In On NextEra Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Anfield Capital Management LLC lifted its holdings in NextEra Energy by 692.3% in the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after buying an additional 270 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new stake in NextEra Energy in the 1st quarter worth approximately $30,000. Wealth Watch Advisors INC lifted its stake in shares of NextEra Energy by 223.8% in the 4th quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 226 shares during the period. Finally, Manning & Napier Advisors LLC lifted its stake in shares of NextEra Energy by 104.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 336 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 172 shares during the period. Hedge funds and other 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.