NextEra Energy (NYSE:NEE) Stock Price Down 0.3% - Time to Sell?

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $83.00 and last traded at $83.49. 2,948,914 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 10,720,354 shares. The stock had previously closed at $83.70.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $85.46.

NextEra Energy Stock Up 1.5 %

The stock has a fifty day moving average of $82.19 and a two-hundred day moving average of $75.96. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a market cap of $174.55 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $0.88 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is currently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated 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 owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NextEra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after buying an additional 225 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $33,000. Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the third quarter worth $39,000. Finally, Family Firm Inc. acquired a new stake in NextEra Energy in the second quarter valued at $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

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.