NextEra Energy (NYSE:NEE) Trading Down 0.2%

NextEra Energy, Inc. (NYSE:NEE) shares traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $72.22 and last traded at $72.73. 1,276,262 shares traded hands during trading, a decline of 89% from the average session volume of 11,655,900 shares. The stock had previously closed at $72.90.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Scotiabank lifted their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.79.

NextEra Energy Trading Down 2.6 %

The firm has a market cap of $150.88 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The company has a 50-day simple moving average of $74.00 and a 200 day simple moving average of $65.92. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 27.62% and a return on equity of 11.72%. During the same period in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.81%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently bought and sold shares of the business. Optas LLC lifted its position in shares of NextEra Energy by 21.4% during the 2nd quarter. Optas LLC now owns 4,088 shares of the utilities provider’s stock valued at $289,000 after buying an additional 722 shares in the last quarter. WT Asset Management Ltd acquired a new position in NextEra Energy during the second quarter worth $1,770,000. Clear Creek Financial Management LLC lifted its holdings in NextEra Energy by 5.7% during the second quarter. Clear Creek Financial Management LLC now owns 11,801 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 633 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of NextEra Energy by 25.0% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 26,637 shares of the utilities provider’s stock valued at $1,886,000 after purchasing an additional 5,324 shares during the period. Finally, Spirit of America Management Corp NY grew its position in shares of NextEra Energy by 3.3% in the second quarter. Spirit of America Management Corp NY now owns 38,625 shares of the utilities provider’s stock valued at $2,735,000 after purchasing an additional 1,250 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.