InTrack Investment Management Inc Takes $465,000 Position in NextEra Energy, Inc. (NYSE:NEE)

InTrack Investment Management Inc acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,278 shares of the utilities provider’s stock, valued at approximately $465,000.

A number of other institutional investors have also recently bought and sold shares of NEE. Clear Investment Research LLC raised its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. lifted its stake in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. BMO Capital Markets boosted their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.57 on Tuesday, hitting $70.47. 9,362,635 shares of the company were exchanged, compared to its average volume of 11,966,266. The company’s 50 day moving average price is $73.34 and its two-hundred day moving average price is $64.57. The firm has a market capitalization of $144.78 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for 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 quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. NextEra Energy’s payout ratio is 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.