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Wealthspire Advisors LLC reduced its stake in NextEra Energy, Inc. by 8.9% during Q2, selling 3,075 shares. The firm's holdings are now valued at $2,173,000. Several other hedge funds also adjusted their positions in NextEra Energy. Analysts have given the stock a consensus rating of 'Moderate Buy' with a price target of $90.53. NextEra Energy reported Q3 earnings of $1.13 per share, beating estimates, and announced a quarterly dividend of $0.5665 per share.
Royal Caribbean Group's stock rose 1.82% to $256.00, outperforming competitors like Walt Disney Co. and Carnival Corp. on a strong trading day. The stock is 30.15% below its 52-week high of $366.50. Trading volume was 2.6 million, above the 50-day average of 2.1 million. The S&P 500 and Dow Jones also saw gains.
Pin Oak Investment Advisors Inc. significantly reduced its stake in Royal Caribbean Cruises Ltd. by 97.4% in Q2, selling 3,706 shares. The firm's holdings are now worth $31,000. Other institutional investors also adjusted their positions in RCL. Insider Maritza Gomez Montiel sold 1,100 shares. Analysts have mixed ratings on RCL, with a consensus price target of $324.64. RCL's stock is currently trading at $246.92, with a market cap of $67.34 billion.
Wells Fargo analyst Trey Bowers sees strong growth potential in the cruise industry, highlighting Royal Caribbean as a top investment idea. Despite COVID-19 disruptions, the industry is recovering, with passenger volumes and revenues rising. Royal Caribbean, a leader in the sector, shows solid growth and yield prospects, supported by private island attractions. Bowers rates RCL as Overweight, expecting continued yield growth and economic value, suggesting the stock is undervalued.
Steven Wieczynski, an analyst from Stifel Nicolaus, maintained a Buy rating on Royal Caribbean with a price target of $400. He believes the market has overreacted to fears about the cruise industry, presenting a buying opportunity. Wieczynski anticipates positive yield growth for Royal Caribbean in 2026 and sees potential for robust earnings growth through 2028, driven by strong management and strategic positioning.
