NextEra Energy (NYSE:NEE) Stock Price Down 0.3%

NextEra Energy, Inc. (NYSE:NEE)’s stock price traded down 0.3% during trading on Thursday . The stock traded as low as $84.14 and last traded at $84.33. 1,179,674 shares changed hands during trading, a decline of 89% from the average session volume of 10,889,497 shares. The stock had previously closed at $84.62.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Scotiabank upped their price target 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. Finally, Bank of America raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $82.07.

NextEra Energy Stock Down 0.9 %

The firm has a market cap of $172.21 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.08 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. The firm has a fifty day moving average price of $79.13 and a 200-day moving average price of $72.92.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following 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 accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

A number of institutional investors have recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. raised its stake 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 purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Clear Investment Research LLC boosted its stake in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the period. American Capital Advisory LLC grew its position in NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $33,000. 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.