NextEra Energy (NYSE:NEE) Shares Down 0.4% Following Analyst Downgrade

NextEra Energy, Inc. (NYSE:NEE)’s stock price was down 0.4% on Tuesday after Barclays lowered their price target on the stock from $73.00 to $72.00. Barclays currently has an equal weight rating on the stock. NextEra Energy traded as low as $71.68 and last traded at $71.84. Approximately 1,079,524 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 11,741,343 shares. The stock had previously closed at $72.11.

A number of other equities analysts have also recently commented on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Clear Investment Research LLC lifted its holdings in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $29,000. American Capital Advisory LLC grew its stake in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy in the fourth quarter worth $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.1 %

The stock’s fifty day moving average price is $74.04 and its 200 day moving average price is $65.10. The stock has a market cap of $149.78 billion, a P/E ratio of 19.86, a PEG ratio of 2.47 and a beta of 0.54. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Monday, June 3rd. 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.