NextEra Energy (NYSE:NEE) Stock Price Down 0.2%

NextEra Energy, Inc. (NYSE:NEE) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $80.86 and last traded at $80.89. Approximately 1,154,468 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 10,979,330 shares. The stock had previously closed at $81.08.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Royal Bank of Canada upped their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Barclays raised 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 report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Down 0.9 %

The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a 50-day simple moving average of $75.82 and a two-hundred day simple moving average of $70.07. The firm has a market cap of $165.16 billion, a PE ratio of 22.04, a P/E/G ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $0.88 EPS. Analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NEE. Janney Capital Management LLC boosted its holdings in shares of NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares during the last quarter. Intech Investment Management LLC raised its stake in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the last quarter. Camden National Bank lifted its holdings in shares of NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after buying an additional 14,477 shares during the period. Ancora Advisors LLC boosted its stake in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after buying an additional 7,677 shares during the last quarter. Finally, TrinityPoint Wealth LLC grew its holdings in shares of NextEra Energy by 2.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 507 shares during the period. 78.72% of the stock is owned by institutional investors.

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.