NextEra Energy (NYSE:NEE) Stock Price Down 0.2%

NextEra Energy, Inc. (NYSE:NEE)’s share price fell 0.2% during trading on Wednesday . The stock traded as low as $71.29 and last traded at $71.77. 1,857,974 shares were traded during mid-day trading, a decline of 84% from the average session volume of 11,717,132 shares. The stock had previously closed at $71.90.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEE. Morgan Stanley upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Evercore ISI upped their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.79.

NextEra Energy Trading Up 0.1 %

The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average price is $74.17 and its two-hundred day moving average price is $65.57. The company has a market capitalization of $147.39 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.43 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $29,000. American Capital Advisory LLC increased its stake in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. increased its stake in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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.