Atlas Private Wealth Advisors boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,514 shares of the utilities provider’s stock after purchasing an additional 178 shares during the period. Atlas Private Wealth Advisors’ holdings in NextEra Energy were worth $114,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilkinson Global Asset Management LLC bought a new position in shares of NextEra Energy in the first quarter worth about $3,517,000. Comerica Bank raised its stake in shares of NextEra Energy by 1.0% in the first quarter. Comerica Bank now owns 509,004 shares of the utilities provider’s stock worth $39,825,000 after acquiring an additional 5,152 shares during the last quarter. GFG Capital LLC raised its stake in shares of NextEra Energy by 26.0% in the first quarter. GFG Capital LLC now owns 18,126 shares of the utilities provider’s stock worth $1,370,000 after acquiring an additional 3,743 shares during the last quarter. Bender Robert & Associates raised its stake in shares of NextEra Energy by 13.7% in the first quarter. Bender Robert & Associates now owns 33,231 shares of the utilities provider’s stock worth $2,513,000 after acquiring an additional 4,005 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of NextEra Energy by 8.0% in the first quarter. J.W. Cole Advisors Inc. now owns 35,094 shares of the utilities provider’s stock worth $2,653,000 after acquiring an additional 2,604 shares during the last quarter. 19.20% of the stock is owned by institutional investors.
NEE has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a research report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 price target for the company. Barclays lifted their price target on shares of NextEra Energy from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Monday, April 19th. Bank of America reiterated a “buy” rating and set a $81.00 price target on shares of NextEra Energy in a research report on Friday, January 15th. Morgan Stanley lifted their price target on shares of NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 27th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.83.
Shares of NEE opened at $76.70 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.57. NextEra Energy, Inc. has a twelve month low of $55.65 and a twelve month high of $87.69. The firm’s 50 day moving average price is $76.41 and its two-hundred day moving average price is $78.07. The firm has a market cap of $150.44 billion, a P/E ratio of 38.64, a PEG ratio of 4.07 and a beta of 0.16.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 20th. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $5.01 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio (DPR) is currently 73.68%.
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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