NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,165 shares of the utilities provider’s stock after buying an additional 1,851 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in NextEra Energy were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Clear Investment Research LLC increased its position in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. boosted its holdings in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the fourth quarter valued at $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 3.9 %

Shares of NEE traded down $2.91 during mid-day trading on Friday, reaching $70.81. The company’s stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The business has a fifty day moving average of $73.25 and a 200 day moving average of $64.50. The company has a market cap of $145.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted 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 for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Royal Bank of Canada lifted their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets lifted their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Barclays reduced their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.57.

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.