Silvercrest Asset Management Group LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Silvercrest Asset Management Group LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,456 shares of the utilities provider’s stock after acquiring an additional 1,420 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in NextEra Energy were worth $4,311,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Renasant Bank lifted its holdings in NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after buying an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in NextEra Energy by 1.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 143 shares during the period. GSG Advisors LLC increased its stake in NextEra Energy by 2.6% during the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 162 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of NextEra Energy by 2.5% during the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 163 shares during the period. Finally, Capital Wealth Planning LLC lifted its position in shares of NextEra Energy by 2.5% in the 1st quarter. Capital Wealth Planning LLC now owns 6,654 shares of the utilities provider’s stock worth $425,000 after buying an additional 165 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEE. Citigroup boosted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Barclays raised their price target on NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday. Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Royal Bank of Canada raised their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank upped their price target on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.00.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.35 during midday trading on Tuesday, hitting $73.99. The company’s stock had a trading volume of 4,179,450 shares, compared to its average volume of 11,631,435. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $152.08 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The stock’s 50-day moving average price is $73.87 and its 200-day moving average price is $66.20.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the firm earned $0.88 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.