Sivia Capital Partners LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Sivia Capital Partners LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,419 shares of the utilities provider’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Clear Investment Research LLC grew its position in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired 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 buying an additional 410 shares during the period. Valued Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the fourth quarter valued at $34,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 1.0 %

NYSE:NEE opened at $72.32 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The company has a market cap of $148.58 billion, a PE ratio of 19.71, a PEG ratio of 2.51 and a beta of 0.56. The firm has a 50-day moving average of $71.69 and a 200-day moving average of $63.72.

NextEra Energy (NYSE:NEE) last issued 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 return on equity of 11.72% and a net margin of 27.62%. The firm 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. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.39 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. Shareholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Barclays reduced their price objective 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, Evercore ISI increased their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.86.

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.