NextEra Energy (NYSE:NEE) Stock Price Down 1.5%

NextEra Energy, Inc. (NYSE:NEE) fell 1.5% during mid-day trading on Friday . The stock traded as low as $72.59 and last traded at $72.63. 2,041,443 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 11,817,779 shares. The stock had previously closed at $73.72.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. Barclays decreased their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Citigroup raised their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Evercore ISI lifted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Trading Down 3.9 %

The company has a market capitalization of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56. The company’s fifty day moving average is $73.25 and its 200-day moving average is $64.50. 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 issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion for 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 was down 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently bought and sold shares of NEE. Clear Investment Research LLC grew its holdings in NextEra Energy by 387.2% in the fourth 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. purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $29,000. American Capital Advisory LLC grew its holdings 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 buying an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its holdings 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 buying an additional 410 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $34,000. 78.72% of the stock is 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.