NextEra Energy, Inc. (NYSE:NEE) Position Increased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 61.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,161 shares of the utilities provider’s stock after acquiring an additional 56,683 shares during the period. Gateway Investment Advisers LLC’s holdings in NextEra Energy were worth $9,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Clear Investment Research LLC raised its holdings in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. raised its holdings 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 acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. BMO Capital Markets increased their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Scotiabank raised their price target 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. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Evercore ISI raised their price target 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

NextEra Energy Stock Down 1.1 %

NEE stock opened at $73.03 on Wednesday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a market cap of $150.04 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.56. The business’s 50-day simple moving average is $72.74 and its 200 day simple moving average is $64.26. 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 (NYSE:NEE) last announced 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 firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is 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.