NextEra Energy (NYSE:NEE) Trading 1.5% Higher

NextEra Energy, Inc. (NYSE:NEE) traded up 1.5% during trading on Wednesday . The company traded as high as $71.78 and last traded at $71.55. 1,102,721 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 11,880,731 shares. The stock had previously closed at $70.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays dropped their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. 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 research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Up 1.8 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm’s 50-day simple moving average is $73.43 and its two-hundred day simple moving average is $64.63. The company has a market capitalization of $147.43 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results 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. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Institutional Trading of NextEra Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Investment Research LLC lifted its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $29,000. American Capital Advisory LLC lifted its stake in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the period. Stuart Chaussee & Associates Inc. lifted its stake in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $34,000. Hedge funds and other 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.