NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,204 shares of the utilities provider’s stock after buying an additional 10,123 shares during the period. CreativeOne Wealth LLC’s holdings in NextEra Energy were worth $1,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Delap Wealth Advisory LLC acquired a new stake in shares of NextEra Energy in the first quarter worth $633,000. Mattern Capital Management LLC raised its position in NextEra Energy by 8.7% in the first quarter. Mattern Capital Management LLC now owns 145,500 shares of the utilities provider’s stock valued at $9,299,000 after purchasing an additional 11,645 shares during the period. Payden & Rygel Investment Group acquired a new position in shares of NextEra Energy during the first quarter worth about $14,680,000. Crewe Advisors LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $336,000. Finally, Evermay Wealth Management LLC raised its holdings in shares of NextEra Energy by 2.8% during the 1st quarter. Evermay Wealth Management LLC now owns 22,234 shares of the utilities provider’s stock valued at $1,421,000 after buying an additional 607 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.7 %

NEE traded up $0.52 during midday trading on Friday, hitting $73.96. 3,012,761 shares of the company’s stock traded hands, compared to its average volume of 11,694,670. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.43. The company has a market cap of $151.95 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The stock’s fifty day simple moving average is $73.94 and its 200-day simple moving average is $65.97. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the firm earned $0.88 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Barclays boosted their price target on NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $78.00.

NextEra Energy 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,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.