NextEra Energy (NYSE:NEE) Trading 0.2% Higher on Analyst Upgrade

Shares of NextEra Energy, Inc. (NYSE:NEE - Get Free Report) were up 0.2% on Friday after BMO Capital Markets raised their price target on the stock from $83.00 to $91.00. BMO Capital Markets currently has an outperform rating on the stock. NextEra Energy traded as high as $84.05 and last traded at $83.96. Approximately 1,690,151 shares changed hands during trading, a decline of 84% from the average daily volume of 10,753,492 shares. The stock had previously closed at $83.78.

Several other research analysts have also recently weighed in on NEE. Citigroup upped their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, June 27th. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 3rd. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Finally, Scotiabank raised their price target on NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $83.64.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company's stock, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.

Institutional Trading of NextEra Energy

A number of hedge funds have recently made changes to their positions in the business. Everett Harris & Co. CA lifted its holdings in NextEra Energy by 1.6% during the 3rd quarter. Everett Harris & Co. CA now owns 124,334 shares of the utilities provider's stock worth $10,510,000 after purchasing an additional 2,000 shares during the last quarter. Northside Capital Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $210,000. Integris Wealth Management LLC lifted its holdings in NextEra Energy by 3.2% during the 3rd quarter. Integris Wealth Management LLC now owns 9,772 shares of the utilities provider's stock worth $826,000 after purchasing an additional 300 shares during the last quarter. TriaGen Wealth Management LLC lifted its holdings in NextEra Energy by 43.3% during the 3rd quarter. TriaGen Wealth Management LLC now owns 6,299 shares of the utilities provider's stock worth $532,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Meridiem Investment Management Ltd. acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $238,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

The firm has a market capitalization of $173.30 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56. The company has a fifty day moving average of $81.81 and a two-hundred day moving average of $75.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to analysts' expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the firm posted $0.88 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy's dividend payout ratio is presently 56.13%.

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.