NextEra Energy (NYSE:NEE) Stock Price Down 0.4%

NextEra Energy, Inc. (NYSE:NEE)’s stock price traded down 0.4% on Monday . The company traded as low as $70.41 and last traded at $70.53. 2,368,333 shares traded hands during trading, a decline of 80% from the average session volume of 11,917,336 shares. The stock had previously closed at $70.81.

Analyst Ratings Changes

Several research firms have issued reports on NEE. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. Barclays cut their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Royal Bank of Canada raised their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Up 0.8 %

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The business has a 50 day simple moving average of $73.34 and a 200-day simple moving average of $64.57. The firm has a market capitalization of $144.78 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $2,561,055,000. M&G Plc acquired a new stake in NextEra Energy in the 1st quarter valued at approximately $303,065,000. Zimmer Partners LP raised its position in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares during the period. State of Michigan Retirement System lifted its stake in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 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.