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

NEE has been the subject of a number of research reports. KeyCorp restated an “outperform” rating and set a $134.00 target price (up from $126.00) on shares of NextEra Energy in a research report on Tuesday. Morgan Stanley initiated coverage on shares of NextEra Energy in a research report on Wednesday, June 29th. They set a “hold” rating and a $146.00 target price for the company. Argus restated a “buy” rating and set a $134.00 target price (up from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a research report on Wednesday, June 8th. Finally, Macquarie downgraded shares of NextEra Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, April 4th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$126.61.

The stock’s 50 day moving average is $123.57 and its 200 day moving average is $115.86. The firm has a market capitalization of $59.22 billion and a P/E ratio of 21.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.16. During the same quarter in the previous year, the company earned $1.41 EPS. Equities analysts expect that NextEra Energy Inc. will post $6.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, May 26th.

In other news, CEO Eric E. Silagy sold 5,000 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of C$123.77, for a total value of C$618,850.00. Following the completion of the sale, the chief executive officer now owns 26,641 shares in the company, valued at approximately C$3,297,356.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James L. Robo sold 43,773 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of C$117.27, for a total transaction of C$5,133,259.71. Following the completion of the sale, the director now owns 388,057 shares of the company’s stock, valued at approximately C$45,507,444.39. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in the company. Parsec Financial Management Inc. boosted its stake 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. Synovus Financial Corp boosted its stake in NextEra Energy by 17.0% in the fourth quarter. Synovus Financial Corp now owns 10,416 shares of the company’s stock valued at $1,080,000 after buying an additional 1,512 shares during the period. Schnieders Capital Management LLC boosted its stake in NextEra Energy by 4.5% in the fourth quarter. Schnieders Capital Management LLC now owns 10,554 shares of the company’s stock valued at $1,096,000 after buying an additional 458 shares during the period. Ray Gerald L & Associates Ltd. boosted its stake in NextEra Energy by 2.0% in the fourth quarter. Ray Gerald L & Associates Ltd. now owns 11,552 shares of the company’s stock valued at $1,200,000 after buying an additional 230 shares during the period. Finally, Community Bank N.A. boosted its stake in NextEra Energy by 3.4% in the fourth quarter. Community Bank N.A. now owns 12,585 shares of the company’s stock valued at $1,307,000 after buying an additional 410 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.

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