NextEra Energy (NYSE:NEE) Trading Up 0.1%

NextEra Energy, Inc. (NYSE:NEE)’s share price shot up 0.1% during trading on Tuesday . The company traded as high as $70.14 and last traded at $69.94. 2,145,298 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 11,908,574 shares. The stock had previously closed at $69.90.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. BMO Capital Markets increased their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Barclays reduced their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Scotiabank upped their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Finally, 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 report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Up 1.9 %

The stock has a market capitalization of $147.47 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54. The firm’s 50 day simple moving average is $73.43 and its 200-day simple moving average is $64.63. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last issued its 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 company 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%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Moody National Bank Trust Division boosted its holdings in shares of NextEra Energy by 2.0% during the second quarter. Moody National Bank Trust Division now owns 30,863 shares of the utilities provider’s stock worth $2,185,000 after acquiring an additional 604 shares during the period. Everence Capital Management Inc. boosted its stake in NextEra Energy by 9.5% in the 2nd quarter. Everence Capital Management Inc. now owns 73,990 shares of the utilities provider’s stock valued at $4,955,000 after purchasing an additional 6,390 shares during the period. Modus Advisors LLC grew its holdings in NextEra Energy by 6.7% in the 2nd quarter. Modus Advisors LLC now owns 17,968 shares of the utilities provider’s stock valued at $1,272,000 after buying an additional 1,121 shares in the last quarter. Marcum Wealth LLC boosted its stake in shares of NextEra Energy by 4.4% in the second quarter. Marcum Wealth LLC now owns 10,105 shares of the utilities provider’s stock valued at $716,000 after buying an additional 424 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in NextEra Energy by 11.4% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 10,990 shares of the utilities provider’s stock worth $778,000 after acquiring an additional 1,121 shares during the period. Institutional investors and hedge funds 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.