Measured Wealth Private Client Group LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Measured Wealth Private Client Group LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,288 shares of the utilities provider’s stock after purchasing an additional 197 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $402,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clear Investment Research LLC raised its stake in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.8 %

Shares of NYSE NEE traded up $0.57 during mid-day trading on Tuesday, reaching $70.47. The company had a trading volume of 9,362,635 shares, compared to its average volume of 11,966,266. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a market cap of $144.78 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The business’s 50-day moving average is $73.34 and its 200-day moving average is $64.57. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Citigroup boosted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Scotiabank boosted their price objective 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. Finally, Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy 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.