NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by Advisory Alpha LLC

Advisory Alpha LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,709 shares of the utilities provider’s stock after purchasing an additional 1,506 shares during the period. Advisory Alpha LLC’s holdings in NextEra Energy were worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NEE. John G Ullman & Associates Inc. raised its stake in shares of NextEra Energy by 83.8% in the 1st quarter. John G Ullman & Associates Inc. now owns 26,647 shares of the utilities provider’s stock valued at $1,703,000 after buying an additional 12,150 shares in the last quarter. Cohen Capital Management Inc. raised its position in shares of NextEra Energy by 1.3% during the 1st quarter. Cohen Capital Management Inc. now owns 101,615 shares of the utilities provider’s stock valued at $6,494,000 after acquiring an additional 1,321 shares during the last quarter. Hemenway Trust Co LLC lifted its stake in NextEra Energy by 22.7% in the first quarter. Hemenway Trust Co LLC now owns 85,005 shares of the utilities provider’s stock valued at $5,433,000 after buying an additional 15,729 shares during the period. SPC Financial Inc. raised its position in shares of NextEra Energy by 16.7% in the 1st quarter. SPC Financial Inc. now owns 7,243 shares of the utilities provider’s stock valued at $463,000 after acquiring an additional 1,036 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of NextEra Energy by 1,415.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 95,522 shares of the utilities provider’s stock valued at $6,105,000 after buying an additional 89,217 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Citigroup lifted their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Barclays lowered their price objective on NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating on the stock 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 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 $77.50.

NextEra Energy Price Performance

NYSE NEE traded up $1.21 during trading on Friday, hitting $75.91. 927,418 shares of the company’s stock were exchanged, compared to its average volume of 11,664,460. The stock’s 50 day moving average price is $74.15 and its two-hundred day moving average price is $65.16. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a market cap of $155.96 billion, a PE ratio of 20.44, a P/E/G ratio of 2.50 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business 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 was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current 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 given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.