Riverview Trust Co Makes New $118,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Riverview Trust Co acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,848 shares of the utilities provider’s stock, valued at approximately $118,000.

Other institutional investors have also added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its stake in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc lifted its stake in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Janney Capital Management LLC lifted its stake in NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares during the last quarter. Asio Capital LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $2,701,000. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $162,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. Bank of America lifted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price target on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Royal Bank of Canada lifted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley lifted their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $76.50.

NextEra Energy Price Performance

NYSE NEE opened at $73.03 on Wednesday. The firm’s fifty day simple moving average is $72.74 and its two-hundred day simple moving average is $64.26. 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 12-month low of $47.15 and a 12-month high of $80.47. The firm has a market capitalization of $150.04 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.53 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.4 EPS 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 $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

About NextEra Energy

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.