NextEra Energy (NYSE:NEE) Trading Up 0.5%

NextEra Energy, Inc. (NYSE:NEE)’s stock price shot up 0.5% during mid-day trading on Friday . The company traded as high as $81.19 and last traded at $80.74. 1,449,572 shares were traded during trading, a decline of 87% from the average session volume of 10,966,601 shares. The stock had previously closed at $80.33.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. 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 research report on Thursday, June 27th. Morgan Stanley upped their price target on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Price Performance

The business’s 50 day moving average is $76.13 and its 200-day moving average is $70.40. 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 $164.32 billion, a P/E ratio of 21.79, a PEG ratio of 2.92 and a beta of 0.56.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity 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 stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sycomore Asset Management raised its stake in shares of NextEra Energy by 0.3% during the second quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after acquiring an additional 131 shares during the last quarter. BCK Partners Inc. increased its holdings in NextEra Energy by 3.8% in the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 135 shares during the period. Renasant Bank raised its position in NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after buying an additional 143 shares during the period. Finally, Proffitt & Goodson Inc. grew its position in shares of NextEra Energy by 64.0% in the 2nd 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 last quarter. Institutional investors and hedge funds 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.