Diversify Advisory Services LLC Takes $568,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Diversify Advisory Services LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, HoldingsChannel.com reports. The fund acquired 8,961 shares of the utilities provider’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Investment Research LLC raised 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 valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $29,000. American Capital Advisory LLC increased its position in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. grew 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 acquiring an additional 410 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.26 during midday trading on Friday, hitting $72.09. The stock had a trading volume of 7,689,004 shares, compared to its average volume of 11,988,826. The company has a market capitalization of $148.11 billion, a PE ratio of 19.64, a P/E/G ratio of 2.46 and a beta of 0.54. The stock has a 50 day simple moving average of $73.75 and a 200-day simple moving average of $64.81. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year 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 posted its earnings results 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 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 firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.