NextEra Energy, Inc. (NYSE:NEE) Holdings Boosted by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 16.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 174,271 shares of the utilities provider’s stock after acquiring an additional 24,659 shares during the quarter. NextEra Energy accounts for 4.1% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 3rd largest position. S.E.E.D. Planning Group LLC’s holdings in NextEra Energy were worth $11,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. GSG Advisors LLC raised its position in NextEra Energy by 2.6% during the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock worth $407,000 after buying an additional 162 shares during the last quarter. Greenfield Savings Bank grew its stake in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its stake in shares of NextEra Energy by 22.7% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 172 shares during the period. MKT Advisors LLC grew its stake in shares of NextEra Energy by 2.9% during the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 173 shares during the period. Finally, First Pacific Financial grew its stake in NextEra Energy by 2.0% in the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE traded down $2.91 on Friday, reaching $70.81. The stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The business’s 50-day moving average price is $73.25 and its 200 day moving average price is $64.47. The stock has a market cap of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter 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. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several brokerages have issued reports on NEE. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

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.