State of Alaska Department of Revenue Buys 1,075 Shares of NextEra Energy, Inc. (NYSE:NEE)

State of Alaska Department of Revenue increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,626 shares of the utilities provider’s stock after buying an additional 1,075 shares during the quarter. State of Alaska Department of Revenue’s holdings in NextEra Energy were worth $14,228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clear Investment Research LLC lifted its position 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 worth $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. lifted its position in shares of NextEra Energy by 315.4% during the 4th 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 period. Rakuten Securities Inc. bought a new position in NextEra Energy in the 4th quarter valued at $34,000. Finally, Valued Wealth Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.9 %

NYSE NEE opened at $71.78 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The stock has a fifty day moving average of $73.43 and a 200-day moving average of $64.63. The stock has a market capitalization of $147.47 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping 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 business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid 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 dividend yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NEE shares. 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 research report on Wednesday, June 12th. BMO Capital Markets lifted their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI lifted their price objective 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, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.