NorthRock Partners LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

NorthRock Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,566 shares of the utilities provider’s stock after acquiring an additional 2,168 shares during the period. NorthRock Partners LLC’s holdings in NextEra Energy were worth $1,187,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEE. Clear Investment Research LLC grew its stake in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy during the fourth quarter valued at $29,000. American Capital Advisory LLC grew its stake in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. grew its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy during the fourth quarter valued at $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 6.6 %

NYSE NEE traded down $5.03 during trading on Monday, reaching $70.97. 19,320,650 shares of the company’s stock traded hands, compared to its average volume of 11,799,346. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $145.81 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The company’s 50 day simple moving average is $74.27 and its two-hundred day simple moving average is $65.34. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating 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 business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.90%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

NEE has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Morgan Stanley increased their price objective 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. One research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.79.

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.