Cornerstone Wealth Group LLC Buys 10,791 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cornerstone Wealth Group LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 310.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,271 shares of the utilities provider’s stock after purchasing an additional 10,791 shares during the period. Cornerstone Wealth Group LLC’s holdings in NextEra Energy were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. River Street Advisors LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $822,000. MPS Loria Financial Planners LLC raised its stake in shares of NextEra Energy by 27.8% in the 1st quarter. MPS Loria Financial Planners LLC now owns 5,724 shares of the utilities provider’s stock valued at $366,000 after buying an additional 1,245 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of NextEra Energy by 8.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 114,132 shares of the utilities provider’s stock valued at $7,294,000 after buying an additional 8,900 shares in the last quarter. Guidance Capital Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $925,000. Finally, Foguth Wealth Management LLC. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $238,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. Barclays dropped their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

NYSE NEE opened at $70.81 on Monday. 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, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a market capitalization of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56. The firm’s 50 day moving average is $73.25 and its 200-day moving average is $64.52.

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

NextEra Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s payout ratio is 56.13%.

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.