BDO Wealth Advisors LLC Grows Stake in NextEra Energy Inc (NEE)

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BDO Wealth Advisors LLC lifted its position in NextEra Energy Inc (NYSE:NEE) by 43.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,550 shares of the utilities provider’s stock after buying an additional 468 shares during the period. BDO Wealth Advisors LLC’s holdings in NextEra Energy were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NEE. First Allied Advisory Services Inc. boosted its stake in shares of NextEra Energy by 8.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 7,883 shares of the utilities provider’s stock worth $1,230,000 after buying an additional 596 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in shares of NextEra Energy by 17.2% in the 4th quarter. Mariner Wealth Advisors LLC now owns 10,653 shares of the utilities provider’s stock worth $1,664,000 after buying an additional 1,566 shares during the last quarter. Homrich & Berg boosted its stake in shares of NextEra Energy by 11.8% in the 4th quarter. Homrich & Berg now owns 5,234 shares of the utilities provider’s stock worth $817,000 after buying an additional 551 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of NextEra Energy by 17.5% in the 4th quarter. Wedbush Securities Inc. now owns 6,363 shares of the utilities provider’s stock worth $994,000 after buying an additional 947 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in shares of NextEra Energy by 5.8% in the 4th quarter. TCW Group Inc. now owns 21,847 shares of the utilities provider’s stock worth $3,412,000 after buying an additional 1,199 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

NYSE NEE opened at $163.00 on Wednesday. The firm has a market cap of $75.11 billion, a P/E ratio of 24.33, a P/E/G ratio of 2.39 and a beta of 0.25. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. NextEra Energy Inc has a fifty-two week low of $138.00 and a fifty-two week high of $166.62.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.16. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. NextEra Energy’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. equities research analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th were issued a dividend of $1.11 per share. The ex-dividend date of this dividend was Monday, June 4th. This represents a $4.44 dividend on an annualized basis and a yield of 2.72%. NextEra Energy’s dividend payout ratio is presently 66.27%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research note on Wednesday, April 4th. Morgan Stanley dropped their price target on NextEra Energy from $172.00 to $169.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 13th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $169.42.

In other NextEra Energy news, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the sale, the director now directly owns 25,898 shares of the company’s stock, valued at $4,164,916.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James L. Robo sold 81,489 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $156.81, for a total value of $12,778,290.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,939 shares of company stock worth $18,698,946. Insiders own 0.55% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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