NextEra Energy (NYSE:NEE) Trading 6.8% Higher

NextEra Energy, Inc. (NYSE:NEEGet Rating)’s stock price traded up 6.8% on Thursday . The company traded as high as $86.26 and last traded at $85.85. 241,083 shares were traded during mid-day trading, a decline of 98% from the average session volume of 10,139,965 shares. The stock had previously closed at $80.38.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Guggenheim reiterated a “buy” rating and issued a $91.00 price target on shares of NextEra Energy in a research report on Friday, July 22nd. Barclays lowered their target price on NextEra Energy from $90.00 to $86.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Credit Suisse Group set a $76.00 target price on NextEra Energy in a research note on Monday, June 20th. BMO Capital Markets decreased their price target on shares of NextEra Energy from $105.00 to $93.00 in a research note on Monday, June 13th. Finally, StockNews.com started coverage on shares of NextEra Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

NextEra Energy Stock Up 5.2 %

The firm has a fifty day simple moving average of $77.01 and a 200-day simple moving average of $77.99. The firm has a market cap of $166.18 billion, a price-to-earnings ratio of 65.53, a P/E/G ratio of 3.04 and a beta of 0.45. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.47 and a current ratio of 0.53.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue was up 32.0% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 2.86 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 27th. NextEra Energy’s payout ratio is currently 129.77%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were purchased at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $350,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO John W. Ketchum purchased 12,909 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the acquisition, the chief executive officer now owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction on Tuesday, May 3rd. The stock was acquired at an average price of $70.19 per share, with a total value of $701,900.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $350,950. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

Several institutional investors have recently modified their holdings of the company. Urban Wealth Management LLC purchased a new stake in NextEra Energy in the 2nd quarter worth approximately $28,000. Contravisory Investment Management Inc. lifted its stake in shares of NextEra Energy by 295.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 260 shares during the period. Evolution Advisers Inc. purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $33,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of NextEra Energy in the 4th quarter valued at approximately $34,000. Finally, PYA Waltman Capital LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $36,000. 77.89% of the stock is currently owned by institutional investors.

NextEra Energy Company Profile

(Get Rating)

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, coal, and natural gas facilities. 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.

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