NextEra Energy (NYSE:NEE) Trading Up 0.1% Following Dividend Announcement

Shares of NextEra Energy, Inc. (NYSE:NEE) shot up 0.1% during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $84.94 and last traded at $84.50. 847,715 shares traded hands during trading, a decline of 92% from the average session volume of 10,739,701 shares. The stock had previously closed at $84.38.

The newly announced dividend which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Scotiabank lifted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average target price of $85.46.

NextEra Energy Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average price of $81.81 and a two-hundred day moving average price of $75.61. The firm has a market cap of $173.24 billion, a P/E ratio of 23.02, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated 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 directly owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Castleview Partners LLC grew its position in NextEra Energy by 51.1% in the third quarter. Castleview Partners LLC now owns 21,722 shares of the utilities provider’s stock valued at $1,836,000 after purchasing an additional 7,343 shares in the last quarter. Violich Capital Management Inc. boosted its stake in shares of NextEra Energy by 2.1% during the 3rd quarter. Violich Capital Management Inc. now owns 54,700 shares of the utilities provider’s stock worth $4,624,000 after buying an additional 1,100 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of NextEra Energy by 8.5% in the third quarter. Cyndeo Wealth Partners LLC now owns 110,682 shares of the utilities provider’s stock valued at $9,356,000 after acquiring an additional 8,661 shares during the last quarter. Cedrus LLC raised its holdings in NextEra Energy by 20.9% during the third quarter. Cedrus LLC now owns 4,686 shares of the utilities provider’s stock worth $396,000 after acquiring an additional 810 shares in the last quarter. Finally, New Century Financial Group LLC boosted its position in NextEra Energy by 37.3% during the third quarter. New Century Financial Group LLC now owns 11,481 shares of the utilities provider’s stock valued at $971,000 after purchasing an additional 3,116 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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.