Congress Park Capital LLC Invests $256,000 in NextEra Energy, Inc. (NYSE:NEE)

Congress Park Capital LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,000 shares of the utilities provider’s stock, valued at approximately $256,000.

Several other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of NextEra Energy by 57.3% in the 3rd quarter. Acadian Asset Management LLC now owns 31,713 shares of the utilities provider’s stock valued at $1,815,000 after purchasing an additional 11,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NextEra Energy by 133.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock worth $1,073,000 after acquiring an additional 10,720 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of NextEra Energy by 0.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 90,820 shares of the utilities provider’s stock worth $5,203,000 after buying an additional 801 shares in the last quarter. Mutual Advisors LLC raised its position in shares of NextEra Energy by 6.2% in the third quarter. Mutual Advisors LLC now owns 20,279 shares of the utilities provider’s stock worth $1,162,000 after buying an additional 1,175 shares in the last quarter. Finally, MQS Management LLC raised its position in NextEra Energy by 85.2% during the third quarter. MQS Management LLC now owns 5,744 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 2,643 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 4.8 %

Shares of NYSE NEE traded down $3.55 during mid-day trading on Friday, reaching $70.17. The company had a trading volume of 8,031,462 shares, compared to its average volume of 11,866,086. 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 firm has a 50 day simple moving average of $72.93 and a two-hundred day simple moving average of $64.33. The stock has a market cap of $144.17 billion, a P/E ratio of 19.79, a PEG ratio of 2.51 and a beta of 0.56. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Evercore ISI boosted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.