Everett Harris & Co. CA Has $7.73 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Everett Harris & Co. CA raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 120,991 shares of the utilities provider’s stock after purchasing an additional 2,122 shares during the quarter. Everett Harris & Co. CA’s holdings in NextEra Energy were worth $7,733,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Clear Investment Research LLC increased its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy in the fourth quarter valued at about $29,000. Stuart Chaussee & Associates Inc. increased its stake 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 acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. bought a new stake 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 research firms recently weighed in on NEE. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday, June 12th. Barclays reduced their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 13th. Finally, Bank of America boosted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Price Performance

Shares of NEE stock traded up $1.36 during trading hours on Thursday, reaching $71.83. 4,487,233 shares of the company were exchanged, compared to its average volume of 12,555,230. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The stock’s fifty day moving average is $73.53 and its two-hundred day moving average is $64.68. The company has a market cap of $147.58 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.41 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the business earned $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s payout ratio is presently 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.