Livelsberger Financial Advisory Makes New $157,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Livelsberger Financial Advisory bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,585 shares of the utilities provider’s stock, valued at approximately $157,000.

Other hedge funds have also added to or reduced their stakes in the company. Greenfield Savings Bank grew its stake in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its stake in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 172 shares during the period. MKT Advisors LLC grew its stake in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 173 shares during the period. First Pacific Financial grew its stake in NextEra Energy by 2.0% in the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 177 shares during the period. Finally, Diversified LLC grew its stake in NextEra Energy by 2.3% in the fourth quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock valued at $477,000 after acquiring an additional 177 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $72.32 on Tuesday. The firm has a market capitalization of $148.58 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. The business’s fifty day simple moving average is $71.69 and its 200 day simple moving average is $63.72. 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 12 month low of $47.15 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current 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 paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.85%. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. BMO Capital Markets lifted their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Royal Bank of Canada lifted their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Scotiabank lifted their target price 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. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Finally, Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

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.