NextEra Energy, Inc. (NYSE:NEE) Stake Increased by Claro Advisors LLC

Claro Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,034 shares of the utilities provider’s stock after buying an additional 891 shares during the quarter. Claro Advisors LLC’s holdings in NextEra Energy were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NEE. Avitas Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.9% during the fourth 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 during the period. Stiles Financial Services Inc boosted its stake in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares during the period. Janney Capital Management LLC increased its stake 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 last quarter. Asio Capital LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $2,701,000. Finally, AJOVista LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $162,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Evercore ISI increased their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Finally, Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Price Performance

NEE stock traded down $0.91 during trading on Monday, hitting $69.90. The company had a trading volume of 11,025,047 shares, compared to its average volume of 11,986,590. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $64.52. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a market cap of $143.61 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.42 and a beta of 0.54.

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

NextEra Energy Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.95%. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy 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.