NextEra Energy, Inc. (NYSE:NEE – Get Free Report) shares rose 1.9% during mid-day trading on Thursday . The company traded as high as $71.91 and last traded at $71.83. Approximately 4,487,233 shares traded hands during trading, a decline of 64% from the average daily volume of 12,555,230 shares. The stock had previously closed at $70.47.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on NEE shares. Morgan Stanley boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Bank of America upped their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.57.
NextEra Energy Price Performance
The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average price is $73.53 and its 200-day moving average price is $64.68. The stock has a market cap of $147.58 billion, a P/E ratio of 19.57, a PEG ratio of 2.41 and a beta of 0.54.
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.
NextEra Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given 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 of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.
Institutional Investors Weigh In On NextEra Energy
Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in NextEra Energy during the 4th quarter valued at $2,561,055,000. M&G Plc bought a new position in NextEra Energy in the first quarter worth about $303,065,000. Zimmer Partners LP lifted its holdings in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the period. State of Michigan Retirement System boosted its position in NextEra Energy by 400.7% during the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after acquiring an additional 2,250,500 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
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.