Chapin Davis Inc. Acquires 8,678 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chapin Davis Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 206.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,891 shares of the utilities provider’s stock after acquiring an additional 8,678 shares during the quarter. Chapin Davis Inc.’s holdings in NextEra Energy were worth $824,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Clear Investment Research LLC increased 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 worth $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% in the 4th 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 period. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.34 during trading on Monday, hitting $71.15. 816,288 shares of the company’s stock traded hands, compared to its average volume of 11,902,223. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The stock has a market capitalization of $146.18 billion, a P/E ratio of 19.29, a PEG ratio of 2.42 and a beta of 0.54. The business has a 50-day simple moving average of $73.25 and a 200-day simple moving average of $64.52.

NextEra Energy (NYSE:NEE) last announced its 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 return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Barclays decreased their price target on 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. Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI boosted their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.