NextEra Energy Inc (NEE) Position Increased by First Trust Advisors LP
First Trust Advisors LP raised its position in NextEra Energy Inc (NYSE:NEE) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,834 shares of the utilities provider’s stock after purchasing an additional 9,085 shares during the quarter. First Trust Advisors LP’s holdings in NextEra Energy were worth $63,957,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Ellis Investment Partners LLC acquired a new stake in NextEra Energy in the first quarter valued at approximately $32,000. Acima Private Wealth LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $39,000. Massey Quick Simon & CO. LLC acquired a new stake in NextEra Energy in the first quarter valued at approximately $39,000. RPG Investment Advisory LLC acquired a new stake in NextEra Energy in the first quarter valued at approximately $42,000. Finally, Westside Investment Management Inc. boosted its stake in NextEra Energy by 62.9% in the fourth quarter. Westside Investment Management Inc. now owns 259 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors and hedge funds.
NEE has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Morgan Stanley raised their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 target price for the company. in a research note on Monday, April 8th. Credit Suisse Group set a $199.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $187.00 to $202.00 in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $196.83.
NYSE:NEE opened at $199.58 on Tuesday. NextEra Energy Inc has a 12 month low of $155.06 and a 12 month high of $204.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38. The firm has a market cap of $94.93 billion, a PE ratio of 25.92, a P/E/G ratio of 2.99 and a beta of 0.26.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. On average, equities analysts predict that NextEra Energy Inc will post 8.4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.51%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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