Global Financial Private Client LLC Purchases 721 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Financial Private Client LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 44.8% during the first quarter, HoldingsChannel.com reports. The fund owned 2,329 shares of the utilities provider’s stock after purchasing an additional 721 shares during the period. Global Financial Private Client LLC’s holdings in NextEra Energy were worth $148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clear Investment Research LLC boosted 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 valued at $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the fourth quarter valued at about $29,000. American Capital Advisory LLC boosted its position in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted 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 valued at $33,000 after buying an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the fourth quarter valued at about $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NEE shares. Barclays upped their target price on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Citigroup upped their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Scotiabank upped their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

NextEra Energy Stock Up 2.8 %

NEE traded up $2.11 during trading hours on Wednesday, hitting $76.39. 15,313,622 shares of the company’s stock were exchanged, compared to its average volume of 11,688,345. The stock’s 50-day moving average is $73.82 and its two-hundred day moving average is $66.30. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The stock has a market cap of $157.01 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.70 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the company earned $0.88 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy’s payout ratio is 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.