NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,876 shares of the utilities provider’s stock after purchasing an additional 3,693 shares during the quarter. Advisory Services Network LLC’s holdings in NextEra Energy were worth $8,678,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% in the fourth 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. purchased a new position in NextEra Energy in the fourth quarter worth approximately $34,000. Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $34,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.64.

NextEra Energy Stock Performance

NextEra Energy stock traded up $1.29 during midday trading on Friday, hitting $76.61. 7,601,101 shares of the company’s stock were exchanged, compared to its average volume of 10,669,695. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a market cap of $157.40 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $77.41. The firm’s 50 day simple moving average is $67.50 and its 200 day simple moving average is $61.55.

NextEra Energy (NYSE:NEE) last released 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. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the business earned $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. Equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

About NextEra Energy

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.