Carret Asset Management LLC Has $1.11 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Carret Asset Management LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,358 shares of the utilities provider’s stock after purchasing an additional 731 shares during the quarter. Carret Asset Management LLC’s holdings in NextEra Energy were worth $1,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Investment Research LLC boosted its holdings in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the fourth quarter worth about $29,000. Stuart Chaussee & Associates Inc. boosted its holdings in 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 buying an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Barclays cut their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Royal Bank of Canada lifted 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 price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Up 1.9 %

NYSE:NEE opened at $71.78 on Thursday. The firm has a market capitalization of $147.47 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The stock’s 50 day moving average price is $73.43 and its two-hundred day moving average price is $64.63. 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 quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 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.