Baugh & Associates LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Baugh & Associates LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,012 shares of the utilities provider’s stock after selling 170 shares during the quarter. NextEra Energy makes up about 3.3% of Baugh & Associates LLC’s investment portfolio, making the stock its 12th largest holding. Baugh & Associates LLC’s holdings in NextEra Energy were worth $6,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avitas Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc grew its holdings in shares of NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the period. Janney Capital Management LLC grew its holdings in shares of NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the period. Asio Capital LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $2,701,000. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $162,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price objective on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Barclays cut their target price on 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. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $3.58 on Friday, reaching $70.14. 8,877,721 shares of the stock were exchanged, compared to its average volume of 11,872,910. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The firm has a market capitalization of $144.10 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.51 and a beta of 0.56. The business has a 50 day moving average price of $72.93 and a two-hundred day moving average price of $64.33. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last issued its quarterly 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 return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) 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.