NextEra Energy (NYSE:NEE) Stock Price Up 0%

NextEra Energy, Inc. (NYSE:NEE)’s share price rose 0% during mid-day trading on Tuesday . The company traded as high as $84.92 and last traded at $84.65. Approximately 1,090,425 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 10,861,356 shares. The stock had previously closed at $84.64.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Barclays upped their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Performance

The company has a market capitalization of $173.83 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company’s 50 day moving average is $77.56 and its 200-day moving average is $71.66. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of NextEra Energy

Several institutional investors have recently bought and sold shares of NEE. Aveo Capital Partners LLC lifted its position in NextEra Energy by 17.7% in the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after acquiring an additional 1,206 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 4,046 shares in the last quarter. TrinityPoint Wealth LLC boosted its position in shares of NextEra Energy by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock valued at $1,269,000 after buying an additional 507 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in NextEra Energy by 268.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 94,595 shares of the utilities provider’s stock worth $5,746,000 after buying an additional 68,905 shares in the last quarter. Finally, Balentine LLC raised its position in NextEra Energy by 79.1% in the 4th quarter. Balentine LLC now owns 11,860 shares of the utilities provider’s stock worth $720,000 after buying an additional 5,237 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other 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.