NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by MV Capital Management Inc.

MV Capital Management Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,158 shares of the utilities provider’s stock after purchasing an additional 349 shares during the quarter. MV Capital Management Inc.’s holdings in NextEra Energy were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clear Investment Research LLC grew 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 worth $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. grew 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 worth $33,000 after acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.8 %

NYSE:NEE traded up $0.57 during midday trading on Tuesday, reaching $70.47. The company had a trading volume of 9,368,104 shares, compared to its average volume of 11,965,898. The firm has a market capitalization of $144.78 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.42 and a beta of 0.54. The stock’s fifty day simple moving average is $73.34 and its 200-day simple moving average is $64.57. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its quarterly 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. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Citigroup increased their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Barclays lowered their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy 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.