NextEra Energy (NYSE:NEE) Trading 1.5% Higher

NextEra Energy, Inc. (NYSE:NEE) shares traded up 1.5% on Wednesday . The company traded as high as $71.78 and last traded at $71.55. 1,102,721 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 11,880,731 shares. The stock had previously closed at $70.47.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Scotiabank increased their price target on 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 increased their price target on 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 set a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. Barclays lowered their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 13th. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Up 1.8 %

The stock has a 50 day moving average price of $73.43 and a 200 day moving average price of $64.63. The stock has a market capitalization of $147.43 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently made changes to their positions in the stock. Renasant Bank raised its position in shares of NextEra Energy by 1.0% during the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in shares of NextEra Energy by 1.8% during the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 143 shares during the last quarter. GSG Advisors LLC increased its holdings in NextEra Energy by 2.6% in the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 162 shares in the last quarter. Greenfield Savings Bank increased its holdings in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in NextEra Energy by 2.5% in the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 163 shares in 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.