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

NextEra Energy, Inc. (NYSE:NEE) shares rose 0.2% during trading on Tuesday . The company traded as high as $84.98 and last traded at $84.98. Approximately 1,718,427 shares traded hands during trading, a decline of 84% from the average daily volume of 10,920,789 shares. The stock had previously closed at $84.82.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” 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 stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $81.87.

NextEra Energy Stock Performance

The business has a 50 day moving average price of $78.61 and a two-hundred day moving average price of $72.65. 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 stock has a market cap of $173.40 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, 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 insiders.

Institutional Trading of NextEra Energy

Several large investors have recently made changes to their positions in the business. M&G Plc purchased a new position in shares of NextEra Energy in the 1st quarter valued at about $303,065,000. Zimmer Partners LP lifted its position in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after buying an additional 2,250,500 shares in the last quarter. Raymond James & Associates increased its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Finally, Capital World Investors purchased a new position in NextEra Energy during the fourth quarter worth about $114,953,000. 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.