CFS Investment Advisory Services LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

CFS Investment Advisory Services LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,953 shares of the utilities provider’s stock after purchasing an additional 3,147 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in NextEra Energy were worth $1,759,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Clear Investment Research LLC increased 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 valued at $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. lifted its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.7 %

NextEra Energy stock traded down $1.31 during trading on Friday, reaching $75.39. 10,059,493 shares of the company were exchanged, compared to its average volume of 9,795,522. 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 $154.89 billion, a P/E ratio of 20.53, a PEG ratio of 2.81 and a beta of 0.56. 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 stock’s 50 day simple moving average is $70.51 and its two-hundred day simple moving average is $62.99.

NextEra Energy (NYSE:NEEGet Free Report) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.73%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NEE. Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Barclays lifted their price objective on NextEra Energy from $66.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company lifted their price objective on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Check Out Our Latest Stock Report on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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