MONECO Advisors LLC Acquires 151 Shares of NextEra Energy, Inc. (NYSE:NEE)

MONECO Advisors LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 3.4% during the first quarter, HoldingsChannel reports. The firm owned 4,555 shares of the utilities provider’s stock after purchasing an additional 151 shares during the quarter. MONECO Advisors LLC’s holdings in NextEra Energy were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. raised its stake in NextEra Energy by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 179,489 shares of the utilities provider’s stock valued at $15,846,000 after acquiring an additional 2,746 shares during the period. Pine Haven Investment Counsel Inc raised its stake in NextEra Energy by 6.8% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 4,710 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 300 shares during the period. Altman Advisors Inc. raised its stake in NextEra Energy by 0.7% in the 1st quarter. Altman Advisors Inc. now owns 37,100 shares of the utilities provider’s stock valued at $3,143,000 after acquiring an additional 261 shares during the period. Checchi Capital Advisers LLC raised its stake in NextEra Energy by 5.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 22,296 shares of the utilities provider’s stock valued at $1,889,000 after acquiring an additional 1,120 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in NextEra Energy by 8.7% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,123,491 shares of the utilities provider’s stock valued at $95,171,000 after buying an additional 90,052 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $87.98 on Friday. The business has a 50 day moving average of $78.74 and a 200 day moving average of $78.10. The company has a market capitalization of $172.86 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 3.29 and a beta of 0.47. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEEGet Rating) last released its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.26 billion. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. NextEra Energy’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 2.87 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be given a $0.425 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.70 annualized dividend and a yield of 1.93%. NextEra Energy’s payout ratio is currently 129.77%.

Insider Buying and Selling at NextEra Energy

In related news, CEO John W. Ketchum acquired 12,909 shares of the stock in a transaction on Friday, July 1st. The stock was purchased at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the transaction, the chief executive officer now owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NEE shares. KeyCorp reduced their target price on NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Mizuho reduced their target price on NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 25th. Morgan Stanley boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, July 21st. Credit Suisse Group set a $76.00 price objective on NextEra Energy in a report on Monday, June 20th. Finally, Evercore ISI reissued a “hold” rating and set a $90.00 price objective on shares of NextEra Energy in a report on Friday, April 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.33.

NextEra Energy Company Profile

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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, coal, and natural gas facilities. 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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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