Congress Asset Management Co. MA Has $12.64 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Congress Asset Management Co. MA decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,844 shares of the utilities provider’s stock after selling 4,658 shares during the quarter. Congress Asset Management Co. MA’s holdings in NextEra Energy were worth $12,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Greenfield Savings Bank boosted its holdings in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the period. Bay Harbor Wealth Management LLC boosted its holdings in shares of NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 172 shares during the period. MKT Advisors LLC grew its position in shares of 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 purchasing an additional 173 shares during the last quarter. First Pacific Financial increased its stake in shares of NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 177 shares during the period. Finally, Diversified LLC lifted its holdings in NextEra Energy by 2.3% during the 4th quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock worth $477,000 after purchasing an additional 177 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. BMO Capital Markets upped their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. Finally, Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

NextEra Energy Stock Up 0.5 %

Shares of NEE opened at $72.81 on Friday. The firm has a 50 day simple moving average of $72.29 and a two-hundred day simple moving average of $64.04. The company has a market cap of $149.59 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.48 and a beta of 0.56. 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.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS 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 analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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