NextEra Energy Inc. (NYSE:NEE) dropped 2.3% on Friday . The company traded as low as $121.49 and last traded at $121.62, with a volume of 1,878,007 shares trading hands. The stock had previously closed at $124.51.

NEE has been the subject of a number of recent research reports. KeyCorp reissued an “outperform” rating and set a $134.00 price objective (up previously from $126.00) on shares of NextEra Energy in a research report on Tuesday, July 5th. Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a research report on Monday, August 1st. Mizuho boosted their price objective on shares of NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Argus reissued a “buy” rating and set a $134.00 price objective (up previously from $128.00) on shares of NextEra Energy in a research report on Tuesday, June 7th. Finally, BMO Capital Markets reissued a “buy” rating and set a $135.00 price objective on shares of NextEra Energy in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$129.07.

The stock’s 50 day moving average is $126.92 and its 200 day moving average is $120.91. The firm has a market cap of $56.19 billion and a PE ratio of 21.76.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. During the same period last year, the business earned $1.56 EPS. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.33 billion. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities analysts anticipate that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, August 26th. This represents a $3.48 annualized dividend and a dividend yield of 2.86%.

In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares of the company’s stock, valued at C$2,924,310.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric E. Silagy sold 5,000 shares of NextEra Energy stock in a transaction on Monday, June 13th. The shares were sold at an average price of C$123.77, for a total transaction of C$618,850.00. Following the completion of the transaction, the chief executive officer now directly owns 26,641 shares of the company’s stock, valued at approximately C$3,297,356.57. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its position in NextEra Energy by 2.9% in the fourth quarter. I.G. Investment Management LTD. now owns 29,933 shares of the company’s stock worth $3,110,000 after buying an additional 854 shares during the last quarter. American International Group Inc. boosted its position in NextEra Energy by 5.1% in the fourth quarter. American International Group Inc. now owns 168,348 shares of the company’s stock worth $17,489,000 after buying an additional 8,171 shares during the last quarter. US Bancorp DE boosted its position in NextEra Energy by 5.4% in the fourth quarter. US Bancorp DE now owns 590,376 shares of the company’s stock worth $61,334,000 after buying an additional 30,251 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in NextEra Energy by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,221,426 shares of the company’s stock worth $126,894,000 after buying an additional 40,168 shares during the last quarter. Finally, Eaton Vance Management boosted its position in NextEra Energy by 14.6% in the fourth quarter. Eaton Vance Management now owns 3,408,573 shares of the company’s stock worth $354,117,000 after buying an additional 435,350 shares during the last quarter.

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

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