Chesley Taft & Associates LLC Buys 3,473 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chesley Taft & Associates LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,161 shares of the utilities provider’s stock after purchasing an additional 3,473 shares during the period. Chesley Taft & Associates LLC’s holdings in NextEra Energy were worth $8,382,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NEE. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. lifted its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the period. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the 4th quarter worth about $34,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NEE. Citigroup lifted their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI lifted their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Barclays lowered their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.35 during trading hours on Thursday, reaching $73.72. 9,545,295 shares of the company traded hands, compared to its average volume of 11,897,260. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market cap of $151.46 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.50 and a beta of 0.56. The firm has a 50-day moving average price of $72.93 and a 200 day moving average price of $64.33.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, June 3rd. 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.