SeaCrest Wealth Management LLC Has $909,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

SeaCrest Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,227 shares of the utilities provider’s stock after selling 2,557 shares during the period. SeaCrest Wealth Management LLC’s holdings in NextEra Energy were worth $909,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Avitas Wealth Management LLC lifted its position in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its holdings in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares in the last quarter. Janney Capital Management LLC raised its holdings in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares in the last quarter. Asio Capital LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $2,701,000. Finally, AJOVista LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. Morgan Stanley upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Stock Up 1.9 %

Shares of 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 PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The business’s fifty day moving average price is $73.43 and its two-hundred day moving average price is $64.63. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. 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.