NextEra Energy (NYSE:NEE) Trading 1.9% Higher

NextEra Energy, Inc. (NYSE:NEE)’s share price shot up 1.9% on Thursday . The company traded as high as $71.91 and last traded at $71.83. 4,487,233 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 12,555,230 shares. The stock had previously closed at $70.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NEE. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Royal Bank of Canada boosted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their target price 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. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Trading Up 1.9 %

The company’s fifty day moving average price is $73.53 and its two-hundred day moving average price is $64.68. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $147.58 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division grew its holdings in NextEra Energy by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 30,863 shares of the utilities provider’s stock worth $2,185,000 after acquiring an additional 604 shares during the last quarter. Everence Capital Management Inc. grew its holdings in NextEra Energy by 9.5% during the 2nd quarter. Everence Capital Management Inc. now owns 73,990 shares of the utilities provider’s stock worth $4,955,000 after acquiring an additional 6,390 shares during the last quarter. Modus Advisors LLC grew its holdings in NextEra Energy by 6.7% during the 2nd quarter. Modus Advisors LLC now owns 17,968 shares of the utilities provider’s stock worth $1,272,000 after acquiring an additional 1,121 shares during the last quarter. Marcum Wealth LLC lifted its position in NextEra Energy by 4.4% during the 2nd quarter. Marcum Wealth LLC now owns 10,105 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 424 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its position in NextEra Energy by 11.4% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 10,990 shares of the utilities provider’s stock valued at $778,000 after purchasing an additional 1,121 shares during the period. Institutional investors own 78.72% of the company’s stock.

About NextEra Energy

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.