NextEra Energy, Inc. (NYSE:NEE) Stock Position Lifted by Avity Investment Management Inc.

Avity Investment Management Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,828 shares of the utilities provider’s stock after buying an additional 776 shares during the quarter. Avity Investment Management Inc.’s holdings in NextEra Energy were worth $1,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted 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 worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter worth about $2,561,055,000. Charles Schwab Investment Management Inc. lifted 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 worth $654,940,000 after acquiring an additional 429,979 shares in the last quarter. 1832 Asset Management L.P. lifted 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 worth $402,774,000 after acquiring an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of NextEra Energy by 8.2% during the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after purchasing an additional 449,387 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. Barclays decreased their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Bank of America increased their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Finally, Scotiabank increased their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Down 3.9 %

Shares of NEE traded down $2.91 during midday trading 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 50 day simple moving average of $73.25 and a two-hundred day simple moving average of $64.47. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The firm has a market cap of $145.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released its earnings results 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. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.