NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,387 shares of the utilities provider’s stock after acquiring an additional 928 shares during the period. First Trust Direct Indexing L.P.’s holdings in NextEra Energy were worth $4,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avitas Wealth Management LLC grew its position in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares during the last quarter. Janney Capital Management LLC boosted its holdings in shares of NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 4,047 shares during the period. Asio Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $162,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NEE shares. 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. Evercore ISI upped their price objective 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. JPMorgan Chase & Co. raised their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Barclays lowered their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. Finally, Scotiabank lifted 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Trading Up 1.9 %

NEE stock traded up $1.36 during mid-day trading on Thursday, reaching $71.83. 4,487,233 shares of the stock traded hands, compared to its average volume of 12,555,230. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The stock’s fifty day moving average is $73.53 and its 200-day moving average is $64.68. The company has a market cap of $147.58 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.41 and a beta of 0.54. 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 (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s payout ratio is 56.13%.

NextEra Energy Company 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.