Oak Asset Management LLC Buys 960 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oak Asset Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,899 shares of the utilities provider’s stock after purchasing an additional 960 shares during the quarter. Oak Asset Management LLC’s holdings in NextEra Energy were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Clear Investment Research LLC increased its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. grew its position in shares of 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 acquiring an additional 410 shares during the last quarter. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $34,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Citigroup raised 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 increased their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Finally, Barclays reduced their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $70.81 on Monday. The firm has a market cap of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The business’s 50 day moving average is $73.25 and its 200-day moving average is $64.52.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. NextEra Energy’s dividend payout ratio is presently 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.