NextEra Energy (NYSE:NEE) Shares Down 0.4% Following Analyst Downgrade

NextEra Energy, Inc. (NYSE:NEE)’s stock price dropped 0.4% on Tuesday after Barclays lowered their price target on the stock from $73.00 to $72.00. Barclays currently has an equal weight rating on the stock. NextEra Energy traded as low as $71.68 and last traded at $71.84. Approximately 1,079,524 shares were traded during trading, a decline of 91% from the average daily volume of 11,741,343 shares. The stock had previously closed at $72.11.

A number of other equities analysts have also recently issued reports on the company. Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America lifted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Morgan Stanley upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors have recently modified their holdings of NEE. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at $29,000. American Capital Advisory LLC boosted its holdings in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $34,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.1 %

The business’s 50 day simple moving average is $74.04 and its 200-day simple moving average is $65.10. The stock has a market capitalization of $149.78 billion, a P/E ratio of 19.86, a PEG ratio of 2.47 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

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,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.