NextEra Energy (NYSE:NEE) Trading Down 5.1%

NextEra Energy, Inc. (NYSE:NEE) shares fell 5.1% during mid-day trading on Monday . The company traded as low as $71.94 and last traded at $72.13. 4,717,959 shares changed hands during trading, a decline of 60% from the average session volume of 11,688,529 shares. The stock had previously closed at $76.00.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEE. Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Morgan Stanley raised their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $77.79.

NextEra Energy Stock Down 6.0 %

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 stock has a 50 day simple moving average of $74.27 and a 200 day simple moving average of $65.34. The stock has a market cap of $146.78 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 2.60 and a beta of 0.54.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.88%. NextEra Energy’s payout ratio is 56.13%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Avitas Wealth Management LLC lifted its holdings in NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares during the period. Stiles Financial Services Inc lifted its holdings in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the period. Janney Capital Management LLC lifted its holdings in NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the period. Asio Capital LLC bought a new stake in NextEra Energy during the fourth quarter worth $2,701,000. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $162,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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.