NextEra Energy (NYSE:NEE) Shares Up 2.1%

NextEra Energy, Inc. (NYSE:NEE)’s share price shot up 2.1% on Friday . The stock traded as high as $76.32 and last traded at $76.29. 1,663,603 shares changed hands during trading, a decline of 86% from the average session volume of 11,669,995 shares. The stock had previously closed at $74.70.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Barclays cut their price target on shares of NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

NextEra Energy Trading Up 2.3 %

The firm’s 50-day moving average price is $74.15 and its 200-day moving average price is $65.16. 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 company has a market cap of $156.95 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for 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 revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Institutional Trading of NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clear Investment Research LLC increased its holdings in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the 4th quarter worth $29,000. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its holdings in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the 4th quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

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.