NextEra Energy, Inc. (NYSE:NEE) Stock Position Lowered by Albion Financial Group UT

Albion Financial Group UT lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,794 shares of the utilities provider’s stock after selling 199 shares during the quarter. Albion Financial Group UT’s holdings in NextEra Energy were worth $562,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Avitas Wealth Management LLC lifted its position in NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc lifted its position in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares in the last quarter. Janney Capital Management LLC lifted its position in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares in the last quarter. Asio Capital LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $2,701,000. Finally, AJOVista LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $162,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Barclays cut their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Morgan Stanley raised 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. Finally, Evercore ISI raised their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Performance

NYSE NEE opened at $71.78 on Thursday. The company’s fifty day moving average is $73.43 and its two-hundred day moving average is $64.63. The firm has a market capitalization of $147.47 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 2.41 and a beta of 0.54. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week 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 announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors 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 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 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.