AdvisorNet Financial Inc Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

AdvisorNet Financial Inc reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,273 shares of the utilities provider’s stock after selling 2,252 shares during the quarter. AdvisorNet Financial Inc’s holdings in NextEra Energy were worth $1,040,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Clear Investment Research LLC raised its position in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the 4th quarter worth $29,000. Stuart Chaussee & Associates Inc. increased its position in shares of NextEra Energy by 315.4% in the 4th 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 stake in shares of NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the fourth quarter worth about $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Mizuho downgraded 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. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada raised their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

NextEra Energy Price Performance

NYSE:NEE traded up $1.03 during midday trading on Monday, hitting $73.84. 4,776,520 shares of the stock were exchanged, compared to its average volume of 11,864,649. The company has a market capitalization of $151.71 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.48 and a beta of 0.56. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The business has a 50-day moving average price of $72.29 and a two-hundred day moving average price of $64.07.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.79%. NextEra Energy’s payout ratio is currently 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.