NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,124 shares of the utilities provider’s stock after purchasing an additional 5,140 shares during the period. QRG Capital Management Inc.’s holdings in NextEra Energy were worth $10,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the fourth quarter worth about $29,000. American Capital Advisory LLC increased its position in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its position in 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. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.3 %

NextEra Energy stock traded up $0.93 during trading on Tuesday, reaching $71.90. The stock had a trading volume of 10,443,924 shares, compared to its average volume of 11,777,267. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The business has a 50 day moving average price of $74.27 and a 200 day moving average price of $65.41. 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 stock has a market cap of $147.72 billion, a PE ratio of 19.47, a P/E/G ratio of 2.60 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Bank of America increased their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Barclays lowered their target price on shares of NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $77.79.

About NextEra Energy

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.