Baker Ellis Asset Management LLC Has $774,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Baker Ellis Asset Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,105 shares of the utilities provider’s stock after buying an additional 950 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in NextEra Energy were worth $774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% during the 4th 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. Rakuten Securities Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 3.9 %

Shares of NextEra Energy stock traded down $2.91 during trading on Friday, reaching $70.81. 23,935,557 shares of the company were exchanged, compared to its average volume of 12,340,414. 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 twelve month low of $47.15 and a twelve month high of $80.47. The business has a 50-day moving average price of $73.25 and a 200-day moving average price of $64.50. The firm has a market capitalization of $145.48 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.91%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.57.

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.