NextEra Energy, Inc. (NYSE:NEE – Get Free Report)’s stock price fell 0.6% during mid-day trading on Tuesday . The company traded as low as $80.09 and last traded at $80.17. 928,352 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 11,135,164 shares. The stock had previously closed at $80.64.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. Barclays raised their target price on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Finally, Citigroup lifted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $80.00.
NextEra Energy Stock Down 1.3 %
The company has a market cap of $163.56 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a 50 day moving average of $74.72 and a 200-day moving average of $69.01.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates 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 business posted $0.88 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.
NextEra Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.
Insider Activity
In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.
Institutional Trading of NextEra Energy
Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth approximately $2,561,055,000. Legal & General Group Plc grew its holdings in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NextEra Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after purchasing an additional 429,979 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after buying an additional 1,268,900 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other 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.