Trinity Financial Advisors LLC Makes New $208,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Trinity Financial Advisors LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,252 shares of the utilities provider’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of the business. GSG Advisors LLC grew its holdings in NextEra Energy by 2.6% during the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 162 shares during the period. Greenfield Savings Bank lifted its stake in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 172 shares during the last quarter. MKT Advisors LLC lifted its stake in NextEra Energy by 2.9% during the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 173 shares during the last quarter. Finally, First Pacific Financial lifted its stake in NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 177 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 3.9 %

NYSE:NEE traded down $2.91 during trading hours on Friday, hitting $70.81. 23,935,557 shares of the company were exchanged, compared to its average volume of 12,340,414. The stock has a market capitalization of $145.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The company has a fifty day simple moving average of $73.25 and a 200 day simple moving average of $64.50.

NextEra Energy (NYSE:NEE) last announced its 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. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared 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 was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Citigroup upped their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Mizuho cut 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. BMO Capital Markets increased their price target on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

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.