Compass Ion Advisors LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Compass Ion Advisors LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,197 shares of the utilities provider’s stock after selling 291 shares during the quarter. Compass Ion Advisors LLC’s holdings in NextEra Energy were worth $2,249,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in NextEra Energy by 133.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock valued at $1,073,000 after purchasing an additional 10,720 shares during the period. Alpine Global Management LLC purchased a new position in NextEra Energy in the third quarter valued at about $458,000. Gotham Asset Management LLC grew its position in shares of NextEra Energy by 141.8% during the 3rd quarter. Gotham Asset Management LLC now owns 21,541 shares of the utilities provider’s stock valued at $1,234,000 after acquiring an additional 12,634 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of NextEra Energy by 3.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 111,926 shares of the utilities provider’s stock worth $6,412,000 after purchasing an additional 3,412 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of NextEra Energy by 32.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,496,935 shares of the utilities provider’s stock worth $85,759,000 after purchasing an additional 362,935 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank of Canada increased their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Barclays dropped 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. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday. Finally, Scotiabank increased their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $70.81 on Monday. The company has a market cap of $145.48 billion, a PE ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.54. The business has a 50 day moving average of $73.25 and a 200 day moving average of $64.52. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week 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.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 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 firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company posted $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

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.