Horizon Wealth Management LLC Buys 2,586 Shares of NextEra Energy, Inc. (NYSE:NEE)

Horizon Wealth Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 45.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,248 shares of the utilities provider’s stock after acquiring an additional 2,586 shares during the quarter. Horizon Wealth Management LLC’s holdings in NextEra Energy were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% in the 4th 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. bought a new position in shares of NextEra Energy in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% in the 4th 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. Rakuten Securities Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0 %

Shares of NYSE:NEE traded down $0.74 during midday trading on Monday, hitting $70.07. 5,184,216 shares of the company’s stock were exchanged, compared to its average volume of 11,939,863. 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 stock has a 50 day moving average price of $73.25 and a 200-day moving average price of $64.52. The company has a market cap of $143.96 billion, a PE ratio of 19.22, 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.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEE. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Morgan Stanley raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Citigroup raised 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. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. One 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Company 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.