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

NextEra Energy, Inc. (NYSE:NEE)’s stock price fell 0.2% during trading on Monday . The company traded as low as $71.92 and last traded at $71.97. 622,830 shares traded hands during trading, a decline of 95% from the average session volume of 11,787,203 shares. The stock had previously closed at $72.09.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on shares of 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 upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada lifted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

NextEra Energy Stock Up 1.1 %

The company has a market cap of $149.78 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The company has a fifty day moving average price of $73.95 and a 200 day moving average price of $65.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Hedge Funds Weigh In On NextEra Energy

Large investors have recently modified their holdings of the stock. Csenge Advisory Group increased its holdings in NextEra Energy by 2.4% in the 2nd quarter. Csenge Advisory Group now owns 26,468 shares of the utilities provider’s stock worth $1,874,000 after buying an additional 608 shares in the last quarter. Fortitude Family Office LLC increased its holdings in NextEra Energy by 1,512.4% in the 2nd quarter. Fortitude Family Office LLC now owns 4,934 shares of the utilities provider’s stock worth $349,000 after buying an additional 4,628 shares in the last quarter. Legacy Financial Strategies LLC grew its stake in shares of NextEra Energy by 6.6% during the 2nd quarter. Legacy Financial Strategies LLC now owns 44,620 shares of the utilities provider’s stock valued at $3,205,000 after purchasing an additional 2,759 shares during the period. Advocate Group LLC grew its stake in shares of NextEra Energy by 7.1% during the 2nd quarter. Advocate Group LLC now owns 56,378 shares of the utilities provider’s stock valued at $3,992,000 after purchasing an additional 3,753 shares during the period. Finally, Simplicity Wealth LLC grew its stake in shares of NextEra Energy by 1.2% during the 2nd quarter. Simplicity Wealth LLC now owns 43,670 shares of the utilities provider’s stock valued at $3,092,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors 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.