Advisory Alpha LLC Buys 1,506 Shares of NextEra Energy, Inc. (NYSE:NEE)

Advisory Alpha LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,709 shares of the utilities provider’s stock after acquiring an additional 1,506 shares during the quarter. Advisory Alpha LLC’s holdings in NextEra Energy were worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. GSG Advisors LLC lifted its holdings in shares of NextEra Energy by 2.6% during the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 162 shares in the last quarter. Greenfield Savings Bank increased its position in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of NextEra Energy by 2.5% during the 1st quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock valued at $430,000 after acquiring an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its stake in NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares in the last quarter. Finally, MKT Advisors LLC increased its holdings in NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after buying an additional 173 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 1.6 %

NEE traded up $1.21 during trading on Friday, hitting $75.91. 927,418 shares of the company’s stock were exchanged, compared to its average volume of 11,664,460. The stock has a market cap of $155.96 billion, a P/E ratio of 20.44, a PEG ratio of 2.50 and a beta of 0.54. The business’s 50 day moving average is $74.15 and its two-hundred day moving average is $65.16. 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 posted its 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 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 company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Royal Bank of Canada upped their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research note on Wednesday, June 12th. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.50.

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.