NextEra Energy, Inc. (NYSE:NEE) Position Boosted by SPC Financial Inc.

SPC Financial Inc. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,243 shares of the utilities provider’s stock after purchasing an additional 1,036 shares during the period. SPC Financial Inc.’s holdings in NextEra Energy were worth $463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Investment Research LLC raised 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 valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the fourth quarter valued at about $29,000. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. boosted its stake 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 acquiring an additional 410 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth about $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.4 %

Shares of NEE opened at $75.03 on Friday. The company has a 50-day simple moving average of $74.15 and a 200-day simple moving average of $65.16. The firm has a market capitalization of $154.15 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.50 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.75%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NEE shares. BMO Capital Markets upped their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research 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. Mizuho downgraded shares of 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. Wells Fargo & Company restated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, Barclays cut their price objective on NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

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.