Waverly Advisors LLC Acquires 9,326 Shares of NextEra Energy, Inc. (NYSE:NEE)

Waverly Advisors LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 128.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,601 shares of the utilities provider’s stock after purchasing an additional 9,326 shares during the period. Waverly Advisors LLC’s holdings in NextEra Energy were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Norges Bank bought a new stake in NextEra Energy in the 4th quarter valued at $2,561,055,000. M&G Plc acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $303,065,000. State of Michigan Retirement System boosted its stake in shares of NextEra Energy by 400.7% in the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after purchasing an additional 2,250,500 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares in the last quarter. Finally, Capital World Investors acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $114,953,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock traded down $0.62 on Tuesday, reaching $73.72. The company had a trading volume of 4,811,463 shares, compared to its average volume of 11,635,794. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $151.52 billion, a PE ratio of 20.08, a PEG ratio of 2.69 and a beta of 0.54. The company has a 50-day moving average of $73.87 and a 200-day moving average of $66.20. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the company posted $0.88 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. 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 research note on Wednesday, June 12th. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. One equities 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 currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

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.