NextEra Energy (NYSE:NEE) Shares Up 0%

NextEra Energy, Inc. (NYSE:NEE)’s share price was up 0% on Tuesday . The company traded as high as $84.92 and last traded at $84.65. Approximately 1,090,425 shares traded hands during trading, a decline of 90% from the average daily volume of 10,861,356 shares. The stock had previously closed at $84.64.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NEE shares. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Trading Down 0.0 %

The stock has a market capitalization of $173.83 billion, a PE ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.56. The stock’s 50 day moving average price is $77.56 and its 200-day moving average price is $71.66. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results 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 business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the business posted $0.88 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.43%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC increased its holdings in shares of NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank increased its stake in NextEra Energy by 10.2% during the fourth quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after acquiring an additional 14,477 shares during the last quarter. Ancora Advisors LLC raised its position in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the period. TrinityPoint Wealth LLC lifted its stake in shares of NextEra Energy by 2.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 507 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. 78.72% of the stock is currently owned by hedge funds and other 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.