Foguth Wealth Management LLC. Makes New $238,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Foguth Wealth Management LLC. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 3,726 shares of the utilities provider’s stock, valued at approximately $238,000.

Several other hedge funds also recently made changes to their positions in the company. Fox Hill Wealth Management grew its holdings in shares of NextEra Energy by 5.1% during the first quarter. Fox Hill Wealth Management now owns 17,854 shares of the utilities provider’s stock worth $1,141,000 after buying an additional 867 shares during the last quarter. Brown Miller Wealth Management LLC grew its holdings in shares of NextEra Energy by 23.2% during the first quarter. Brown Miller Wealth Management LLC now owns 44,269 shares of the utilities provider’s stock worth $2,829,000 after buying an additional 8,340 shares during the last quarter. Coston McIsaac & Partners grew its holdings in shares of NextEra Energy by 4.8% during the first quarter. Coston McIsaac & Partners now owns 72,227 shares of the utilities provider’s stock worth $4,615,000 after buying an additional 3,303 shares during the last quarter. Symphony Financial Ltd. Co. grew its holdings in shares of NextEra Energy by 5.4% during the first quarter. Symphony Financial Ltd. Co. now owns 36,165 shares of the utilities provider’s stock worth $2,311,000 after buying an additional 1,851 shares during the last quarter. Finally, Vicus Capital grew its holdings in shares of NextEra Energy by 57.1% during the first quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock worth $419,000 after buying an additional 2,381 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NEE. Morgan Stanley raised their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Citigroup raised their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday. Barclays reduced their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

Shares of NEE stock traded down $2.91 during midday trading on Friday, reaching $70.81. 23,935,557 shares of the company traded hands, compared to its average volume of 12,340,414. The firm’s 50 day simple moving average is $73.25 and its two-hundred day simple moving average is $64.50. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56.

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, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders 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 annualized dividend and a yield of 2.91%. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy 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.