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

Nvest Financial LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,180 shares of the utilities provider’s stock after purchasing an additional 4,352 shares during the period. Nvest Financial LLC’s holdings in NextEra Energy were worth $1,673,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NEE. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NextEra Energy by 133.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock worth $1,073,000 after acquiring an additional 10,720 shares during the last quarter. Alpine Global Management LLC bought a new position in NextEra Energy in the third quarter worth about $458,000. Gotham Asset Management LLC lifted its holdings in NextEra Energy by 141.8% in the third quarter. Gotham Asset Management LLC now owns 21,541 shares of the utilities provider’s stock worth $1,234,000 after acquiring an additional 12,634 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in NextEra Energy by 3.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 111,926 shares of the utilities provider’s stock worth $6,412,000 after acquiring an additional 3,412 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in NextEra Energy by 34.0% in the third quarter. Waverly Advisors LLC now owns 6,641 shares of the utilities provider’s stock worth $380,000 after acquiring an additional 1,684 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.57 during trading hours on Tuesday, reaching $70.47. 9,362,635 shares of the company’s stock were exchanged, compared to its average volume of 11,966,266. The company has a market capitalization of $144.78 billion, a P/E ratio of 19.19, 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. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business’s 50-day simple moving average is $73.34 and its two-hundred day simple moving average is $64.57.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. Sell-side analysts expect 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. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley raised their price target 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. Barclays dropped their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada raised their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.57.

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.