NextEra Energy (NYSE:NEE) Sets New 52-Week High at $80.56

NextEra Energy, Inc. (NYSE:NEE) shares hit a new 52-week high during trading on Friday . The stock traded as high as $80.56 and last traded at $80.19, with a volume of 3081113 shares traded. The stock had previously closed at $78.39.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. BMO Capital Markets boosted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Morgan Stanley boosted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Finally, Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report 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 stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

NextEra Energy Price Performance

The company’s 50 day moving average is $73.88 and its 200-day moving average is $66.45. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $161.86 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.77 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business posted $0.88 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Founders Financial Securities LLC increased its stake in NextEra Energy by 24.5% in the second quarter. Founders Financial Securities LLC now owns 9,381 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 1,847 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of NextEra Energy by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 176,414 shares of the utilities provider’s stock worth $12,492,000 after buying an additional 1,017 shares during the last quarter. Northstar Advisory Group LLC grew its stake in shares of NextEra Energy by 31.2% during the second quarter. Northstar Advisory Group LLC now owns 10,871 shares of the utilities provider’s stock worth $770,000 after buying an additional 2,587 shares during the last quarter. Naviter Wealth LLC grew its stake in shares of NextEra Energy by 9.9% during the second quarter. Naviter Wealth LLC now owns 19,244 shares of the utilities provider’s stock worth $1,363,000 after buying an additional 1,732 shares during the last quarter. Finally, Little House Capital LLC grew its stake in shares of NextEra Energy by 4.0% during the second quarter. Little House Capital LLC now owns 29,749 shares of the utilities provider’s stock worth $2,107,000 after buying an additional 1,140 shares during the last quarter. 78.72% of the stock is 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.