Legacy Wealth Asset Management LLC Has $560,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Legacy Wealth Asset Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,755 shares of the utilities provider’s stock after acquiring an additional 328 shares during the period. Legacy Wealth Asset Management LLC’s holdings in NextEra Energy were worth $560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Investment Research LLC increased its stake in 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. bought a new position in NextEra Energy in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. increased its holdings in 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 purchasing an additional 410 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $34,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NEE. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, 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 research report on Thursday, June 13th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Trading Up 1.9 %

Shares of NEE stock opened at $71.83 on Friday. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company’s fifty day simple moving average is $73.63 and its two-hundred day simple moving average is $64.73. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market capitalization of $147.58 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.46 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.