NextEra Energy, Inc. (NYSE:NEE - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $70.89, but opened at $67.82. NextEra Energy shares last traded at $67.84, with a volume of 2,471,489 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.55.
View Our Latest Research Report on NEE
NextEra Energy Stock Down 2.0%
The firm has a 50-day moving average price of $69.99 and a two-hundred day moving average price of $70.12. The firm has a market cap of $143.07 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company's revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.26%. NextEra Energy's dividend payout ratio is presently 85.02%.
Insider Activity at NextEra Energy
In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $30,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the first quarter valued at $32,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $33,000. Finally, IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the 1st quarter valued at about $35,000. 78.72% of the stock is owned by hedge funds and other institutional investors.
About NextEra Energy
(
Get Free Report)
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.
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