NextEra Energy (NYSE:NEE) Trading 1.2% Higher – Should You Buy?

NextEra Energy, Inc. (NYSE:NEE)’s stock price was up 1.2% during trading on Tuesday . The company traded as high as $84.05 and last traded at $83.89. Approximately 1,724,765 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 10,765,837 shares. The stock had previously closed at $82.91.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NEE shares. Scotiabank boosted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $83.07.

NextEra Energy Stock Down 0.0 %

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 firm’s 50 day simple moving average is $81.30 and its two-hundred day simple moving average is $75.03. The firm has a market cap of $170.28 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the company earned $0.88 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors have recently modified their holdings of NEE. SageView Advisory Group LLC boosted its stake in shares of NextEra Energy by 75.5% in the 4th quarter. SageView Advisory Group LLC now owns 26,471 shares of the utilities provider’s stock valued at $1,569,000 after purchasing an additional 11,385 shares during the last quarter. Moseley Investment Management Inc. boosted its stake in shares of NextEra Energy by 1.4% in the 1st quarter. Moseley Investment Management Inc. now owns 50,760 shares of the utilities provider’s stock valued at $3,244,000 after purchasing an additional 705 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of NextEra Energy by 6.0% during the 1st quarter. Moody National Bank Trust Division now owns 30,259 shares of the utilities provider’s stock valued at $1,934,000 after acquiring an additional 1,711 shares during the period. CWM LLC lifted its position in shares of NextEra Energy by 1.5% during the 1st quarter. CWM LLC now owns 332,725 shares of the utilities provider’s stock valued at $21,264,000 after acquiring an additional 4,878 shares during the period. Finally, Somerset Trust Co lifted its position in shares of NextEra Energy by 2.6% during the 1st quarter. Somerset Trust Co now owns 82,460 shares of the utilities provider’s stock valued at $5,270,000 after acquiring an additional 2,114 shares during the period. 78.72% of the stock is owned by institutional investors.

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.