Optas LLC Invests $215,000 in NextEra Energy, Inc. (NYSE:NEE)

Optas LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,366 shares of the utilities provider’s stock, valued at approximately $215,000.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Group LLC grew its holdings in NextEra Energy by 310.1% during the first quarter. Cornerstone Wealth Group LLC now owns 14,271 shares of the utilities provider’s stock worth $912,000 after buying an additional 10,791 shares in the last quarter. River Street Advisors LLC bought a new stake in NextEra Energy during the first quarter worth $822,000. MPS Loria Financial Planners LLC grew its holdings in NextEra Energy by 27.8% during the first quarter. MPS Loria Financial Planners LLC now owns 5,724 shares of the utilities provider’s stock worth $366,000 after buying an additional 1,245 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in NextEra Energy by 8.5% during the first quarter. New Mexico Educational Retirement Board now owns 114,132 shares of the utilities provider’s stock worth $7,294,000 after buying an additional 8,900 shares in the last quarter. Finally, Guidance Capital Inc. bought a new stake in NextEra Energy during the first quarter worth $925,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, June 13th. 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 note on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, BMO Capital Markets upped their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Price Performance

NEE traded down $2.91 during trading on Friday, reaching $70.81. 23,935,557 shares of the company were exchanged, compared to its average volume of 12,340,414. The company’s 50-day moving average is $73.25 and its two-hundred day moving average is $64.52. The company has a market cap of $145.48 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.56. 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, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for 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 firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s dividend payout ratio (DPR) is 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.