Rehmann Capital Advisory Group Acquires 1,278 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rehmann Capital Advisory Group lifted its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,087 shares of the utilities provider’s stock after purchasing an additional 1,278 shares during the quarter. Rehmann Capital Advisory Group’s holdings in NextEra Energy were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at $29,000. American Capital Advisory LLC boosted its stake in NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in 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 buying an additional 410 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BMO Capital Markets boosted 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. Evercore ISI boosted their price target 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. Scotiabank lifted their price objective on 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, Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued 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 price target of $77.50.

View Our Latest Report on NEE

NextEra Energy Trading Up 1.1 %

Shares of NEE stock traded up $0.78 on Wednesday, reaching $72.90. 4,047,815 shares of the stock were exchanged, compared to its average volume of 11,721,855. The stock has a market cap of $149.78 billion, a PE ratio of 19.72, a P/E/G ratio of 2.47 and a beta of 0.54. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. 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 moving average price of $73.95 and a 200 day moving average price of $65.04.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.83%. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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