NextEra Energy, Inc. (NYSE:NEE - Get Free Report)'s stock price was down 1.9% during trading on Monday . The stock traded as low as $91.93 and last traded at $92.3320. Approximately 6,106,086 shares were traded during trading, a decline of 37% from the average daily volume of 9,623,305 shares. The stock had previously closed at $94.08.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on NEE. Argus set a $92.00 target price on NextEra Energy and gave the company a "buy" rating in a research note on Wednesday, January 28th. UBS Group raised their target price on NextEra Energy from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Morgan Stanley reiterated an "overweight" rating and issued a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. BMO Capital Markets set a $95.00 price target on NextEra Energy in a report on Thursday, January 29th. Finally, Wells Fargo & Company raised their price target on NextEra Energy from $97.00 to $98.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.94.
Check Out Our Latest Research Report on NEE
NextEra Energy Price Performance
The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a market cap of $192.54 billion, a price-to-earnings ratio of 28.06 and a beta of 0.74. The stock has a 50-day moving average of $92.01 and a two-hundred day moving average of $85.90.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the company posted $0.53 EPS. The business's quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.57. NextEra Energy's dividend payout ratio is presently 75.68%.
Insider Buying and Selling at NextEra Energy
In other news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president owned 73,857 shares of the company's stock, valued at approximately $6,667,071.39. This represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 190,816 shares of company stock worth $17,075,619 over the last quarter. Insiders own 0.20% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. bought a new position in NextEra Energy in the 4th quarter worth approximately $253,000. Cornerstone Planning LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $941,000. Rockefeller Capital Management L.P. increased its position in NextEra Energy by 33.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,167,141 shares of the utilities provider's stock worth $173,978,000 after buying an additional 543,511 shares during the period. Osbon Capital Management LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $27,000. Finally, World Investment Advisors increased its position in NextEra Energy by 1.9% in the 4th quarter. World Investment Advisors now owns 97,788 shares of the utilities provider's stock worth $7,850,000 after buying an additional 1,841 shares during the period. 78.72% of the stock is owned by institutional investors.
About NextEra Energy
(
Get Free Report)
NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.
NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.
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