Astoria Portfolio Advisors LLC. Has $296,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Astoria Portfolio Advisors LLC. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,718 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in NextEra Energy were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NEE. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy during the fourth quarter worth about $29,000. Stuart Chaussee & Associates Inc. boosted its holdings in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $70.81 on Friday. The company’s 50 day moving average is $73.25 and its 200-day moving average is $64.50. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a market cap of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted 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 company had revenue of $5.73 billion for 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 company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.