NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,724 shares of the utilities provider’s stock after purchasing an additional 13,502 shares during the period. Stokes Capital Advisors LLC’s holdings in NextEra Energy were worth $5,031,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Clear Investment Research LLC raised its position in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth $29,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy in the fourth quarter worth $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on NEE shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Barclays lowered their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Citigroup upped their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank lifted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

NEE stock traded down $2.31 during midday trading on Friday, reaching $71.41. 3,239,901 shares of the company’s stock traded hands, compared to its average volume of 11,827,444. The company has a 50-day simple moving average of $72.93 and a two-hundred day simple moving average of $64.33. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a market cap of $146.71 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.51 and a beta of 0.56. 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 announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business 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 period in the previous year, the firm earned $0.84 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.88%. NextEra Energy’s dividend payout ratio (DPR) 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.