NextEra Energy (NYSE:NEE) Stock Price Up 1%

Shares of NextEra Energy, Inc. (NYSE:NEE) rose 1% during mid-day trading on Friday . The company traded as high as $83.76 and last traded at $83.09. Approximately 6,233,965 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 10,874,102 shares. The stock had previously closed at $82.29.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday. They set a “hold” rating and a $87.00 price objective for the company. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Finally, Evercore ISI boosted their target price 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 analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $81.87.

NextEra Energy Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $171.43 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 3.03 and a beta of 0.56. The stock’s 50 day moving average price is $78.20 and its two-hundred day moving average price is $72.02.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the prior year, the business posted $0.88 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’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 completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On NextEra Energy

Hedge funds have recently bought and sold shares of the company. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the period. Semmax Financial Advisors Inc. lifted its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. 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 valued at $28,000 after buying an additional 364 shares during the period. 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 valued at $31,000 after buying an additional 205 shares during the period. Finally, Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy in the second quarter valued at about $33,000. 78.72% of the stock is currently owned by institutional investors.

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.