NextEra Energy (NYSE:NEE) Trading 1.9% Higher

Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 1.9% during trading on Thursday . The stock traded as high as $71.91 and last traded at $71.83. 4,487,233 shares traded hands during trading, a decline of 64% from the average session volume of 12,555,230 shares. The stock had previously closed at $70.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Barclays dropped their price objective on shares of 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. Scotiabank increased their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Citigroup increased their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Up 1.9 %

The firm has a market capitalization of $147.58 billion, a PE ratio of 19.57, a P/E/G ratio of 2.41 and a beta of 0.54. The firm’s 50 day moving average price is $73.53 and its two-hundred day moving average price is $64.68. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The company 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%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS 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 issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renasant Bank boosted its holdings in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after buying an additional 142 shares during the period. Stonebridge Capital Advisors LLC boosted its holdings in shares of NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after buying an additional 143 shares during the period. GSG Advisors LLC lifted its position in NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 162 shares during the last quarter. Greenfield Savings Bank lifted its position in NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in NextEra Energy by 2.5% in the 1st quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 163 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

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.