NextEra Energy (NYSE:NEE) Trading Down 2.4%

NextEra Energy, Inc. (NYSE:NEE)’s stock price was down 2.4% during mid-day trading on Thursday . The company traded as low as $82.02 and last traded at $82.29. Approximately 2,424,245 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 10,840,981 shares. The stock had previously closed at $84.28.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.87.

NextEra Energy Trading Down 1.9 %

The company has a market capitalization of $169.83 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth 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. The company’s fifty day simple moving average is $78.05 and its two-hundred day simple moving average is $71.95.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for 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 posted $0.88 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, 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 can be accessed through this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proffitt & Goodson Inc. grew 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 in the last quarter. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC raised its holdings in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Finally, Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $33,000. 78.72% of the stock is owned by 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.