NextEra Energy (NYSE:NEE) Trading Down 0.4%

NextEra Energy, Inc. (NYSE:NEE) dropped 0.4% during mid-day trading on Monday . The company traded as low as $70.41 and last traded at $70.53. Approximately 2,368,333 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 11,917,336 shares. The stock had previously closed at $70.81.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets lifted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Barclays reduced their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Trading Down 1.0 %

The company has a market cap of $143.96 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The business’s 50 day moving average price is $73.25 and its 200-day moving average price is $64.52.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Institutional Investors Weigh In On NextEra Energy

Large investors have recently made changes to their positions in the company. Clear Investment Research LLC boosted its stake in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the fourth quarter valued at $29,000. American Capital Advisory LLC grew its stake in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the fourth quarter valued at $34,000. 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.