NextEra Energy (NYSE:NEE) Trading 0.4% Higher

NextEra Energy, Inc. (NYSE:NEE) traded up 0.4% during mid-day trading on Monday . The company traded as high as $85.56 and last traded at $85.03. 1,712,683 shares were traded during trading, a decline of 84% from the average session volume of 10,876,481 shares. The stock had previously closed at $84.65.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Barclays boosted their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. One 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Price Performance

The business’s 50-day simple moving average is $77.82 and its 200-day simple moving average is $71.87. The stock has a market cap of $173.16 billion, a PE ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

Several hedge funds have recently bought and sold shares of NEE. Proffitt & Goodson Inc. boosted its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Clear Investment Research LLC lifted its stake in shares of 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 buying an additional 364 shares in the last quarter. American Capital Advisory LLC lifted its stake in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the second quarter worth approximately $33,000. Institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.