NextEra Energy, Inc. (NYSE:NEE) Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,415 shares of the utilities provider’s stock after purchasing an additional 5,301 shares during the period. BKM Wealth Management LLC’s holdings in NextEra Energy were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NEE. GSG Advisors LLC grew its stake in shares of NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after buying an additional 162 shares in the last quarter. Greenfield Savings Bank boosted its holdings in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in 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 buying an additional 172 shares during the last quarter. MKT Advisors LLC increased its position in NextEra Energy by 2.9% during the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the last quarter. Finally, First Pacific Financial increased its position in 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 buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.26 during mid-day trading on Monday, hitting $70.55. The company had a trading volume of 3,400,386 shares, compared to its average volume of 11,925,593. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business’s 50-day simple moving average is $73.25 and its 200-day simple moving average is $64.52. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The firm has a market cap of $144.95 billion, a P/E ratio of 19.22, a PEG ratio of 2.42 and a beta of 0.54.

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. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

Several research firms have commented on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.57.

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.