Wealth Enhancement Advisory Services LLC Buys 29,692 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wealth Enhancement Advisory Services LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,000,676 shares of the utilities provider’s stock after purchasing an additional 29,692 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NextEra Energy were worth $63,953,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Viking Fund Management LLC lifted its position in shares of NextEra Energy by 17.6% in the first quarter. Viking Fund Management LLC now owns 280,000 shares of the utilities provider’s stock valued at $17,895,000 after acquiring an additional 42,000 shares in the last quarter. Signet Financial Management LLC lifted its position in shares of NextEra Energy by 17.9% in the first quarter. Signet Financial Management LLC now owns 16,854 shares of the utilities provider’s stock valued at $1,077,000 after acquiring an additional 2,553 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of NextEra Energy by 23.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock worth $1,475,000 after buying an additional 4,401 shares in the last quarter. DGS Capital Management LLC purchased a new stake in shares of NextEra Energy in the first quarter worth about $213,000. Finally, Revolve Wealth Partners LLC lifted its position in shares of NextEra Energy by 16.9% in the first quarter. Revolve Wealth Partners LLC now owns 4,431 shares of the utilities provider’s stock worth $283,000 after buying an additional 640 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

Shares of NYSE:NEE opened at $73.72 on Friday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The stock has a market cap of $151.46 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. The business’s 50 day moving average is $72.93 and its 200 day moving average is $64.33. 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 announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 2.79%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. Morgan Stanley boosted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. BMO Capital Markets boosted their price objective on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Citigroup boosted 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. Finally, Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.57.

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.