NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Meridian Financial Partners LLC

Meridian Financial Partners LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,035 shares of the utilities provider’s stock after purchasing an additional 577 shares during the quarter. NextEra Energy comprises about 1.8% of Meridian Financial Partners LLC’s portfolio, making the stock its 14th biggest holding. Meridian Financial Partners LLC’s holdings in NextEra Energy were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NEE. Clear Investment Research LLC raised its holdings in 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 buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the 4th quarter worth about $29,000. Stuart Chaussee & Associates Inc. raised its holdings in 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 buying an additional 410 shares during the period. Rakuten Securities Inc. acquired a new stake in NextEra Energy during the 4th quarter worth about $34,000. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 3.9 %

Shares of NYSE NEE traded down $2.91 during trading hours on Friday, hitting $70.81. The stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The company has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.52 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 price is $73.25 and its two-hundred day moving average price is $64.50. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. 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 given 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 yield of 2.91%. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Citigroup upped their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.