Arkfeld Wealth Strategies L.L.C. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Arkfeld Wealth Strategies L.L.C. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, Holdings Channel.com reports. The firm purchased 13,158 shares of the utilities provider’s stock, valued at approximately $842,000.

A number of other large investors have also made changes to their positions in NEE. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the period. Norges Bank acquired a new position in NextEra Energy in the 4th quarter valued at approximately $2,561,055,000. Charles Schwab Investment Management Inc. increased its stake in NextEra Energy by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares during the period. 1832 Asset Management L.P. increased its stake in NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after buying an additional 629,032 shares during the period. Finally, Principal Financial Group Inc. increased its stake in NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock valued at $358,717,000 after buying an additional 449,387 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.39 during mid-day trading on Wednesday, reaching $73.37. 10,947,394 shares of the company were exchanged, compared to its average volume of 11,909,872. The stock has a market cap of $150.74 billion, a PE ratio of 20.04, a PEG ratio of 2.50 and a beta of 0.56. 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, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The company has a fifty day moving average of $72.74 and a 200 day moving average of $64.26.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share 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 last year, the firm earned $0.84 EPS. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. 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. Evercore ISI upped their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Scotiabank upped their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada upped their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.50.

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.