Ashton Thomas Private Wealth LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ashton Thomas Private Wealth LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,691 shares of the utilities provider’s stock after purchasing an additional 7,713 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in NextEra Energy were worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Avitas Wealth Management LLC raised its position in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares during the period. Stiles Financial Services Inc grew its holdings in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after purchasing an additional 2,899 shares during the period. Janney Capital Management LLC increased its position in NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares in the last quarter. Asio Capital LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $2,701,000. Finally, AJOVista LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $162,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. BMO Capital Markets upped their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Citigroup upped their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Evercore ISI increased their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Trading Up 0.0 %

NYSE NEE traded up $0.03 during trading hours on Friday, hitting $71.86. 2,190,648 shares of the company were exchanged, compared to its average volume of 11,831,469. The stock has a market cap of $147.64 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.46 and a beta of 0.54. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The stock has a 50-day moving average price of $73.63 and a 200 day moving average price of $64.73. 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 released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.87%. NextEra Energy’s payout ratio is 56.13%.

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.