Aspiriant LLC Acquires 623 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aspiriant LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,539 shares of the utilities provider’s stock after purchasing an additional 623 shares during the quarter. Aspiriant LLC’s holdings in NextEra Energy were worth $546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Investment Research LLC boosted its holdings in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter valued at about $29,000. Stuart Chaussee & Associates Inc. boosted 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 purchased a new position in NextEra Energy in the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the fourth quarter valued at about $34,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.5 %

Shares of NextEra Energy stock opened at $73.72 on Friday. 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 company has a 50-day moving average of $72.93 and a 200 day moving average of $64.33. The firm has a market cap of $151.46 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.51 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.

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, topping the consensus estimate 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%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Royal Bank of Canada boosted their price target 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. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. Bank of America boosted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.57.

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.