Miracle Mile Advisors LLC Purchases 420 Shares of NextEra Energy, Inc. (NYSE:NEE)

Miracle Mile Advisors LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the 1st quarter, Holdings Channel reports. The firm owned 12,519 shares of the utilities provider’s stock after buying an additional 420 shares during the period. Miracle Mile Advisors LLC’s holdings in NextEra Energy were worth $800,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEE. Clear Investment Research LLC increased its position in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. increased its position in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. bought a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE stock traded down $0.91 during trading hours on Monday, reaching $69.90. The stock had a trading volume of 10,882,348 shares, compared to its average volume of 11,985,448. The stock has a market capitalization of $143.61 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a 50-day simple moving average of $73.25 and a 200 day simple moving average of $64.52. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during 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 company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Scotiabank raised 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 report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.