Liberty One Investment Management LLC Acquires 15,470 Shares of NextEra Energy, Inc. $NEE

Liberty One Investment Management LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 29.8% during the first quarter, Holdings Channel reports. The fund owned 67,427 shares of the utilities provider’s stock after acquiring an additional 15,470 shares during the quarter. Liberty One Investment Management LLC’s holdings in NextEra Energy were worth $6,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Walker Asset Management LLC increased its holdings in shares of NextEra Energy by 2.2% in the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 107 shares during the last quarter. PUREfi Wealth LLC lifted its stake in shares of NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after buying an additional 107 shares during the last quarter. Garrison Point Advisors LLC lifted its stake in shares of NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after buying an additional 109 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock worth $94,000 after buying an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its stake in NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NEE shares. Weiss Ratings cut shares of NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company set a $102.00 target price on NextEra Energy and gave the company an “overweight” rating in a research report on Friday, April 24th. Barclays set a $91.00 target price on NextEra Energy and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Jefferies Financial Group set a $94.00 price target on NextEra Energy in a report on Tuesday, July 14th. Finally, BMO Capital Markets set a $94.00 price objective on NextEra Energy in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.23.

NextEra Energy Stock Performance

NYSE NEE opened at $89.95 on Friday. The firm has a 50-day moving average price of $87.45 and a two-hundred day moving average price of $89.47. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a market capitalization of $187.58 billion, a P/E ratio of 22.89, a P/E/G ratio of 2.44 and a beta of 0.67. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 4.02 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 63.36%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.