General Partner Inc. Purchases 3,033 Shares of NextEra Energy, Inc. (NYSE:NEE)

General Partner Inc. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 9.1% during the first quarter, Holdings Channel reports. The fund owned 36,503 shares of the utilities provider’s stock after acquiring an additional 3,033 shares during the period. NextEra Energy makes up approximately 1.5% of General Partner Inc.’s holdings, making the stock its 16th biggest holding. General Partner Inc.’s holdings in NextEra Energy were worth $2,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Avitas Wealth Management LLC boosted its stake in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc boosted its stake in shares of NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Janney Capital Management LLC boosted its stake in shares of NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after purchasing an additional 4,047 shares during the last quarter. Asio Capital LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $162,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock traded down $2.07 during midday trading on Tuesday, reaching $70.24. The company had a trading volume of 15,107,341 shares, compared to its average volume of 11,714,496. The company has a market capitalization of $144.31 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. The stock has a 50 day moving average price of $71.69 and a 200-day moving average price of $63.72. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year 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:NEEGet Free Report) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during 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 business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEE. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. Morgan Stanley increased their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Bank of America increased their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada raised their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

Get Our Latest Research 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

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

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

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