NextEra Energy (NYSE:NEE) Shares Gap Down to $72.31

NextEra Energy, Inc. (NYSE:NEE) gapped down prior to trading on Tuesday . The stock had previously closed at $72.31, but opened at $69.10. NextEra Energy shares last traded at $69.77, with a volume of 5,736,112 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NEE shares. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. Finally, StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.86.

NextEra Energy Trading Down 2.8 %

The stock has a market cap of $144.43 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.51 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average of $71.69 and a 200-day moving average of $63.72.

NextEra Energy (NYSE:NEE) last released 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 analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.93%. NextEra Energy’s payout ratio is 56.13%.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors have recently bought and sold shares of NEE. Mirabella Financial Services LLP bought a new position in NextEra Energy during the third quarter valued at about $689,000. Robertson Stephens Wealth Management LLC raised its holdings in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 1,211 shares in the last quarter. Pearl River Capital LLC bought a new position in NextEra Energy during the third quarter valued at about $1,512,000. Sugarloaf Wealth Management LLC raised its holdings in NextEra Energy by 17.8% during the third quarter. Sugarloaf Wealth Management LLC now owns 2,706 shares of the utilities provider’s stock valued at $155,000 after buying an additional 408 shares in the last quarter. Finally, Glenview Trust co raised its holdings in NextEra Energy by 112.9% during the third quarter. Glenview Trust co now owns 104,154 shares of the utilities provider’s stock valued at $5,967,000 after buying an additional 55,241 shares in the last quarter. 78.72% of the stock is currently 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.