Powers Advisory Group LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Powers Advisory Group LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,149 shares of the utilities provider’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the 4th quarter worth about $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Wells Fargo & Company dropped their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Trading Up 1.2%

Shares of NYSE NEE opened at $74.70 on Friday. The stock has a market cap of $153.78 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.45 and a beta of 0.68. The business has a 50 day simple moving average of $69.00 and a 200 day simple moving average of $70.52. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. NextEra Energy’s payout ratio is currently 84.64%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.