Foguth Wealth Management LLC. Invests $238,000 in NextEra Energy, Inc. (NYSE:NEE)

Foguth Wealth Management LLC. purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,726 shares of the utilities provider’s stock, valued at approximately $238,000.

Other hedge funds have also recently modified their holdings of the company. Clear Investment Research LLC increased 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 during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at $29,000. Stuart Chaussee & Associates Inc. increased 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. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at $34,000. Finally, Rakuten Securities Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $2.91 during mid-day trading on Friday, reaching $70.81. The stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a market cap of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The business’s 50 day moving average price is $73.25 and its 200 day moving average price is $64.50.

NextEra Energy (NYSE:NEE) last posted its earnings results 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 company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

A number of analysts recently commented on NEE shares. Morgan Stanley upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Evercore ISI boosted their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” 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 report on Wednesday, June 12th. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $77.57.

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.