Traynor Capital Management Inc. Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Traynor Capital Management Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 33.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,490 shares of the utilities provider’s stock after purchasing an additional 1,138 shares during the period. Traynor Capital Management Inc.’s holdings in NextEra Energy were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NEE. Clear Investment Research LLC increased its stake in NextEra Energy by 387.2% in 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 during the period. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. increased 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 worth $33,000 after purchasing an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. BMO Capital Markets lifted their price objective on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada lifted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

NextEra Energy Stock Up 1.4 %

NYSE NEE opened at $73.85 on Tuesday. The stock’s 50-day moving average price is $72.51 and its 200-day moving average price is $64.17. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The company has a market capitalization of $151.73 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.49 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm 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%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

About NextEra Energy

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.