Buffington Mohr McNeal Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Buffington Mohr McNeal reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,047 shares of the utilities provider’s stock after selling 275 shares during the period. Buffington Mohr McNeal’s holdings in NextEra Energy were worth $1,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Investment Research LLC lifted its stake 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 valued at $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. grew its stake in NextEra Energy by 315.4% in 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 in the last quarter. Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the 4th quarter worth $34,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.8 %

NextEra Energy stock traded up $0.57 during trading hours on Tuesday, hitting $70.47. The stock had a trading volume of 9,414,367 shares, compared to its average volume of 11,966,266. The stock’s 50-day moving average price is $73.34 and its 200-day moving average price is $64.57. The stock has a market capitalization of $144.78 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. 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 (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping 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 analyst estimates of $6.28 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Evercore ISI lifted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Bank of America lifted 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

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.