NextEra Energy (NYSE:NEE) Stock Price Up 1.4%

NextEra Energy, Inc. (NYSE:NEE) shares rose 1.4% during mid-day trading on Wednesday . The stock traded as high as $75.59 and last traded at $75.31. Approximately 1,385,852 shares traded hands during trading, a decline of 88% from the average daily volume of 11,590,890 shares. The stock had previously closed at $74.28.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. Barclays raised their price objective on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.00.

NextEra Energy Stock Up 2.8 %

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market capitalization of $157.01 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.70 and a beta of 0.54. The stock has a 50-day moving average price of $73.82 and a 200-day moving average price of $66.30.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the company earned $0.88 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. NextEra Energy’s payout ratio is currently 56.13%.

Institutional Investors Weigh In On NextEra Energy

Hedge funds have recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC grew its stake in NextEra Energy by 26.3% in the second quarter. Aptus Capital Advisors LLC now owns 150,469 shares of the utilities provider’s stock valued at $10,655,000 after acquiring an additional 31,315 shares during the period. Fortress Wealth Group LLC grew its stake in NextEra Energy by 9.5% in the second quarter. Fortress Wealth Group LLC now owns 12,045 shares of the utilities provider’s stock valued at $869,000 after acquiring an additional 1,047 shares during the period. Spinnaker Trust grew its stake in NextEra Energy by 1.1% in the second quarter. Spinnaker Trust now owns 128,492 shares of the utilities provider’s stock valued at $9,099,000 after acquiring an additional 1,445 shares during the period. Evexia Wealth LLC boosted its position in shares of NextEra Energy by 2.9% during the second quarter. Evexia Wealth LLC now owns 6,304 shares of the utilities provider’s stock valued at $460,000 after buying an additional 175 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its position in shares of NextEra Energy by 5.3% during the second quarter. WR Wealth Planners LLC now owns 13,283 shares of the utilities provider’s stock valued at $941,000 after buying an additional 671 shares during the last quarter. 78.72% of the stock is currently 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.