NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Hummer Financial Advisory Services Inc

Hummer Financial Advisory Services Inc lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 14.8% during the 1st quarter, Holdings Channel reports. The firm owned 6,200 shares of the utilities provider’s stock after buying an additional 800 shares during the period. Hummer Financial Advisory Services Inc’s holdings in NextEra Energy were worth $396,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NEE. Clear Investment Research LLC increased its stake in shares of 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 during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. increased its stake 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 buying an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NEE shares. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays dropped their price target on shares of 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. Evercore ISI increased their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Finally, Bank of America increased their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.50.

View Our Latest Research Report on NextEra Energy

NextEra Energy Price Performance

NextEra Energy stock traded up $0.35 during midday trading on Friday, reaching $72.81. The company’s stock had a trading volume of 19,465,802 shares, compared to its average volume of 11,560,482. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock’s 50 day simple moving average is $72.29 and its 200 day simple moving average is $64.04. The firm has a market capitalization of $149.59 billion, a PE ratio of 19.84, a P/E/G ratio of 2.48 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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