12,868 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by River Street Advisors LLC

River Street Advisors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, HoldingsChannel.com reports. The firm bought 12,868 shares of the utilities provider’s stock, valued at approximately $822,000.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth $2,561,055,000. Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after acquiring an additional 429,979 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after acquiring an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after acquiring an additional 449,387 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. Bank of America lifted their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Performance

NEE stock traded down $2.91 during midday trading on Friday, reaching $70.81. 23,935,557 shares of the company’s stock traded hands, compared to its average volume of 12,340,414. The company has a 50-day moving average price of $73.25 and a two-hundred day moving average price of $64.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The firm has a market capitalization of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders 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 dividend 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.