XML Financial LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

XML Financial LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,603 shares of the utilities provider’s stock after purchasing an additional 2,029 shares during the quarter. XML Financial LLC’s holdings in NextEra Energy were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renasant Bank lifted its holdings in NextEra Energy by 1.0% in the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after buying an additional 142 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in shares of NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after buying an additional 143 shares during the last quarter. GSG Advisors LLC increased its position 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 worth $407,000 after purchasing an additional 162 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in NextEra Energy by 2.5% during the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock worth $430,000 after acquiring an additional 163 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its holdings in NextEra Energy by 2.5% during the first quarter. Capital Wealth Planning LLC now owns 6,654 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 165 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 2.6 %

NEE stock traded up $2.00 during midday trading on Thursday, hitting $78.39. The stock had a trading volume of 11,082,257 shares, compared to its average volume of 11,684,555. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The firm has a market cap of $161.05 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The business has a 50-day moving average of $73.82 and a two-hundred day moving average of $66.37.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Barclays upped their target price on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Evercore ISI upped their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Royal Bank of Canada lifted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Bank of America lifted their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

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.