Criterion Capital Advisors LLC Buys New Shares in NextEra Energy, Inc. (NYSE:NEE)

Criterion Capital Advisors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,825 shares of the utilities provider’s stock, valued at approximately $181,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Connor Clark & Lunn Investment Management Ltd. increased its position in NextEra Energy by 133.9% during 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 buying an additional 10,720 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in NextEra Energy by 0.9% during 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 during the last quarter. Mutual Advisors LLC increased its position in NextEra Energy by 6.2% during 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 during the last quarter. MQS Management LLC increased 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 worth $329,000 after buying an additional 2,643 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of NextEra Energy by 26.7% during the third quarter. Mather Group LLC. now owns 20,210 shares of the utilities provider’s stock worth $1,158,000 after acquiring an additional 4,257 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Barclays cut their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Evercore ISI upped their target price 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. BMO Capital Markets upped 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. Finally, Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. One investment 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. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $2.91 during trading on Friday, hitting $70.81. 23,935,557 shares of the company were exchanged, compared to its average volume of 12,340,414. The business’s 50 day moving average is $73.25 and its 200-day moving average is $64.47. The company has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56. 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, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given 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 2.91%. NextEra Energy’s dividend payout ratio (DPR) is currently 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.