Creekmur Asset Management LLC Acquires Shares of 5,544 NextEra Energy, Inc. (NYSE:NEE)

Creekmur Asset Management LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,544 shares of the utilities provider’s stock, valued at approximately $337,000.

Several other large investors have also recently added to or reduced their stakes in NEE. Financial Engines Advisors L.L.C. increased its stake in NextEra Energy by 134.1% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 10,068 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,767 shares during the period. WCG Wealth Advisors LLC bought a new stake in NextEra Energy in the third quarter worth approximately $678,000. Baillie Gifford & Co. grew its position in NextEra Energy by 274.9% in the third quarter. Baillie Gifford & Co. now owns 209,859 shares of the utilities provider’s stock worth $12,023,000 after acquiring an additional 153,877 shares in the last quarter. Rafferty Asset Management LLC grew its position in NextEra Energy by 11.6% in the third quarter. Rafferty Asset Management LLC now owns 206,250 shares of the utilities provider’s stock worth $11,816,000 after acquiring an additional 21,377 shares in the last quarter. Finally, Phoenix Holdings Ltd. grew its position in NextEra Energy by 1.9% in the third quarter. Phoenix Holdings Ltd. now owns 85,368 shares of the utilities provider’s stock worth $4,891,000 after acquiring an additional 1,572 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America upped their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Barclays decreased their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.12 during mid-day trading on Friday, reaching $73.06. The company’s stock had a trading volume of 6,568,564 shares, compared to its average volume of 10,656,510. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a market cap of $150.10 billion, a P/E ratio of 19.91, a PEG ratio of 2.68 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The firm’s 50-day moving average is $71.54 and its two-hundred day moving average is $63.59.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. On average, research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

NextEra Energy 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.