SteelPeak Wealth LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

SteelPeak Wealth LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 33.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,610 shares of the utilities provider’s stock after purchasing an additional 7,952 shares during the quarter. SteelPeak Wealth LLC’s holdings in NextEra Energy were worth $2,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Seneca House Advisors grew its stake in shares of NextEra Energy by 8.2% during the 1st quarter. Seneca House Advisors now owns 54,673 shares of the utilities provider’s stock worth $3,494,000 after purchasing an additional 4,162 shares during the period. Optas LLC acquired a new stake in NextEra Energy in the 1st quarter valued at about $215,000. Cornerstone Wealth Group LLC grew its stake in NextEra Energy by 310.1% in the 1st quarter. Cornerstone Wealth Group LLC now owns 14,271 shares of the utilities provider’s stock valued at $912,000 after acquiring an additional 10,791 shares during the last quarter. River Street Advisors LLC acquired a new stake in NextEra Energy in the 1st quarter valued at about $822,000. Finally, MPS Loria Financial Planners LLC grew its stake in 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 acquiring an additional 1,245 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 3.9 %

Shares of NYSE:NEE opened at $70.81 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $73.25 and a 200 day simple moving average of $64.52. The firm has a market cap of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating 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 analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on NEE shares. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

About NextEra Energy

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.