Guidance Capital Inc. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Guidance Capital Inc. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,749 shares of the utilities provider’s stock, valued at approximately $925,000.

A number of other hedge funds also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NextEra Energy by 133.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock valued at $1,073,000 after acquiring an additional 10,720 shares during the period. Mutual Advisors LLC grew its position in NextEra Energy by 6.2% in the third quarter. Mutual Advisors LLC now owns 20,279 shares of the utilities provider’s stock worth $1,162,000 after buying an additional 1,175 shares during the last quarter. Bank of Nova Scotia grew its position in NextEra Energy by 6.4% in the third quarter. Bank of Nova Scotia now owns 478,165 shares of the utilities provider’s stock worth $27,394,000 after buying an additional 28,675 shares during the last quarter. Morningstar Investment Services LLC grew its position in NextEra Energy by 134.2% in the third quarter. Morningstar Investment Services LLC now owns 6,422 shares of the utilities provider’s stock worth $367,000 after buying an additional 3,680 shares during the last quarter. Finally, Alpine Global Management LLC acquired a new position in NextEra Energy in the third quarter worth approximately $458,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NEE. Bank of America lifted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Morgan Stanley lifted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Down 3.9 %

Shares of NYSE:NEE traded down $2.91 during 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 has a fifty day simple moving average of $73.25 and a 200 day simple moving average of $64.50. The firm has a market cap of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. 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 (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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