NextEra Energy (NYSE:NEE) Shares Down 1.8%

NextEra Energy, Inc. (NYSE:NEE) shares fell 1.8% during mid-day trading on Thursday . The company traded as low as $74.62 and last traded at $74.98. 1,817,984 shares traded hands during trading, a decline of 84% from the average session volume of 11,608,786 shares. The stock had previously closed at $76.32.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Morgan Stanley increased their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.64.

NextEra Energy Trading Down 1.3 %

The firm’s 50-day simple moving average is $66.85 and its 200 day simple moving average is $61.34. The firm has a market cap of $154.75 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The company has a quick ratio of 0.43, a current ratio of 0.51 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, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

Institutional Investors Weigh In On NextEra Energy

Several institutional investors have recently added to or reduced their stakes in NEE. Community Trust & Investment Co. boosted its stake in NextEra Energy by 4.1% in the 1st quarter. Community Trust & Investment Co. now owns 126,200 shares of the utilities provider’s stock worth $8,065,000 after purchasing an additional 4,982 shares during the period. Raelipskie Partnership boosted its position in shares of NextEra Energy by 12.4% in the first quarter. Raelipskie Partnership now owns 15,548 shares of the utilities provider’s stock valued at $994,000 after acquiring an additional 1,711 shares during the period. Cedar Point Capital Partners LLC purchased a new position in NextEra Energy during the first quarter valued at approximately $316,000. Beck Bode LLC increased its holdings in NextEra Energy by 13.1% during the 1st quarter. Beck Bode LLC now owns 182,690 shares of the utilities provider’s stock worth $11,676,000 after acquiring an additional 21,133 shares during the period. Finally, Orleans Capital Management Corp LA increased its holdings in shares of NextEra Energy by 9.9% in the first quarter. Orleans Capital Management Corp LA now owns 45,588 shares of the utilities provider’s stock worth $2,914,000 after purchasing an additional 4,090 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

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.