NextEra Energy Inc. (NYSE:NEE) fell 2% during trading on Thursday . The stock traded as low as $128.13 and last traded at $128.27, with a volume of 939,512 shares. The stock had previously closed at $130.89.

Several brokerages have issued reports on NEE. Wells Fargo & Co. reiterated a “buy” rating on shares of NextEra Energy in a report on Monday, May 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $121.00 price target on shares of NextEra Energy in a report on Tuesday, April 19th. Morgan Stanley began coverage on NextEra Energy in a report on Wednesday, June 29th. They issued a “hold” rating and a $146.00 price target on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, May 2nd. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 24th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$126.61.

The stock has a 50 day moving average price of $123.57 and a 200-day moving average price of $115.86. The stock has a market capitalization of $59.22 billion and a price-to-earnings ratio of 21.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.16. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, analysts predict that NextEra Energy Inc. will post $6.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a $0.87 dividend. The ex-dividend date was Thursday, May 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.71%.

In other news, CEO Eric E. Silagy sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of C$123.77, for a total value of C$618,850.00. Following the sale, the chief executive officer now directly owns 26,641 shares of the company’s stock, valued at approximately C$3,297,356.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 4,796 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of C$130.00, for a total value of C$623,480.00. Following the completion of the sale, the treasurer now directly owns 69,977 shares in the company, valued at C$9,097,010. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of NextEra Energy by 4.0% in the fourth quarter. Huntington National Bank now owns 314,014 shares of the company’s stock worth $32,623,000 after buying an additional 12,185 shares in the last quarter. Parsec Financial Management Inc. boosted its position in NextEra Energy by 16.4% in the fourth quarter. Parsec Financial Management Inc. now owns 9,865 shares of the company’s stock valued at $1,025,000 after buying an additional 1,388 shares during the period. CIBC Asset Management Inc boosted its position in NextEra Energy by 2.6% in the fourth quarter. CIBC Asset Management Inc now owns 45,688 shares of the company’s stock valued at $4,747,000 after buying an additional 1,160 shares during the period. Swiss National Bank boosted its position in NextEra Energy by 3.1% in the fourth quarter. Swiss National Bank now owns 1,004,124 shares of the company’s stock valued at $104,318,000 after buying an additional 30,000 shares during the period. Finally, Sei Investments Co. boosted its position in NextEra Energy by 6.7% in the fourth quarter. Sei Investments Co. now owns 139,902 shares of the company’s stock valued at $14,534,000 after buying an additional 8,737 shares during the period.

NextEra Energy, Inc (NEE) is a holding company. The Company operates through its wholly owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.