Cornerstone Wealth Management LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cornerstone Wealth Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,102 shares of the utilities provider’s stock after purchasing an additional 667 shares during the period. Cornerstone Wealth Management LLC’s holdings in NextEra Energy were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Clear Investment Research LLC grew its position in 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 acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. grew its position in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the fourth quarter worth $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NEE. Royal Bank of Canada raised their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Bank of America increased their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Barclays reduced their price objective 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. Finally, BMO Capital Markets increased 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 equities 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Up 1.9 %

NextEra Energy stock traded up $1.36 during midday trading on Thursday, reaching $71.83. The company’s stock had a trading volume of 4,487,233 shares, compared to its average volume of 12,555,230. The business has a 50-day simple moving average of $73.53 and a 200-day simple moving average of $64.68. The company has a market cap of $147.58 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.41 and a beta of 0.54. 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 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 data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio 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.