Lockerman Financial Group Inc. Acquires Shares of 3,332 NextEra Energy, Inc. (NYSE:NEE)

Lockerman Financial Group Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,332 shares of the utilities provider’s stock, valued at approximately $213,000.

Other large investors have also recently modified their holdings of the company. Clear Investment Research LLC increased its stake in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Mizuho cut 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. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, Royal Bank of Canada boosted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Trading Down 0.9 %

Shares of NEE traded down $0.66 during mid-day trading on Friday, hitting $73.06. 1,449,505 shares of the company’s stock traded hands, compared to its average volume of 11,813,006. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $150.10 billion, a P/E ratio of 20.09, a PEG ratio of 2.51 and a beta of 0.56. The business’s 50-day moving average price is $72.93 and its 200-day moving average price is $64.33. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.82%. NextEra Energy’s payout ratio is 56.13%.

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,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.