NextEra Energy, Inc. (NYSE:NEE) Stock Position Lifted by Seneca House Advisors

Seneca House Advisors boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.2% during the first quarter, HoldingsChannel.com reports. The firm owned 54,673 shares of the utilities provider’s stock after acquiring an additional 4,162 shares during the period. NextEra Energy makes up about 1.5% of Seneca House Advisors’ portfolio, making the stock its 24th largest holding. Seneca House Advisors’ holdings in NextEra Energy were worth $3,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter worth $2,561,055,000. International Assets Investment Management LLC raised its stake in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Capital World Investors acquired a new position in NextEra Energy during the 4th quarter valued at $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in NextEra Energy during the 4th quarter valued at $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 3.9 %

NYSE NEE traded down $2.91 during trading hours on Friday, reaching $70.81. The company’s stock had a trading volume of 23,935,557 shares, 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 $64.52. The stock has a market cap of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week 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.

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, beating analysts’ consensus estimates 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 net margin of 27.62% and a return on equity of 11.72%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.91%. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

Several research firms recently commented on NEE. Morgan Stanley upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Barclays dropped their target price 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. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

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.