Register Financial Advisors LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Register Financial Advisors LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,229 shares of the utilities provider’s stock, valued at approximately $334,000.

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

NextEra Energy Trading Down 4.0 %

Shares of NEE stock opened at $70.80 on Friday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The stock’s fifty day moving average price is $73.25 and its two-hundred day moving average price is $64.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The company has a market cap of $145.46 billion, a PE ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. BMO Capital Markets raised their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Scotiabank lifted their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Finally, Barclays decreased their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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.