NextEra Energy (NYSE:NEE) Shares Up 2.1%

NextEra Energy, Inc. (NYSE:NEE)’s share price traded up 2.1% during trading on Friday . The company traded as high as $76.32 and last traded at $76.29. 1,663,603 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 11,669,995 shares. The stock had previously closed at $74.70.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Wednesday, June 12th. Morgan Stanley upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Bank of America upped their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

NextEra Energy Trading Up 2.3 %

The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $74.15 and a 200 day simple moving average of $65.16. The firm has a market cap of $156.95 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 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 business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

Institutional Investors Weigh In On NextEra Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avitas Wealth Management LLC grew its holdings in shares of NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc grew its holdings in shares of NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares in the last quarter. Janney Capital Management LLC grew its holdings in shares of NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares in the last quarter. Asio Capital LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $2,701,000. Finally, AJOVista LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $162,000. 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.