NextEra Energy (NYSE:NEE) Shares Up 1%

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

Wall Street Analyst Weigh In

NEE has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada raised their price target 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. Barclays boosted their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, 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 note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.87.

NextEra Energy Stock Up 0.6 %

The stock has a market cap of $170.03 billion, a price-to-earnings ratio of 22.55, a PEG 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 stock has a fifty day moving average of $78.33 and a two-hundred day moving average of $72.34.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend 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 Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of NextEra Energy

A number of hedge funds have recently made changes to their positions in NEE. Aveo Capital Partners LLC boosted its position in NextEra Energy by 17.7% in the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after buying an additional 1,206 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after acquiring an additional 4,046 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in NextEra Energy by 2.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 507 shares in the last quarter. SageView Advisory Group LLC increased its holdings in NextEra Energy by 75.5% during the 4th quarter. SageView Advisory Group LLC now owns 26,471 shares of the utilities provider’s stock worth $1,569,000 after purchasing an additional 11,385 shares during the last quarter. Finally, TCW Group Inc. raised its position in shares of NextEra Energy by 231.9% in the 4th quarter. TCW Group Inc. now owns 42,511 shares of the utilities provider’s stock valued at $2,591,000 after purchasing an additional 29,704 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

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.