CRA Financial Services LLC Has $2.14 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

CRA Financial Services LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,160 shares of the utilities provider’s stock after purchasing an additional 799 shares during the period. CRA Financial Services LLC’s holdings in NextEra Energy were worth $2,138,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC raised its position in NextEra Energy by 2.9% during the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider’s stock valued at $427,000 after purchasing an additional 168 shares in the last quarter. Robbins Farley increased its holdings in shares of NextEra Energy by 0.8% during the first quarter. Robbins Farley now owns 70,403 shares of the utilities provider’s stock worth $4,991,000 after buying an additional 525 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in shares of NextEra Energy by 23.3% during the first quarter. Hennessy Advisors Inc. now owns 10,570 shares of the utilities provider’s stock worth $749,000 after buying an additional 2,000 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of NextEra Energy by 8.2% during the first quarter. Farmers & Merchants Investments Inc. now owns 130,635 shares of the utilities provider’s stock worth $9,261,000 after buying an additional 9,866 shares in the last quarter. Finally, New England Research & Management Inc. increased its holdings in shares of NextEra Energy by 22.9% during the first quarter. New England Research & Management Inc. now owns 27,813 shares of the utilities provider’s stock worth $1,972,000 after buying an additional 5,175 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NEE shares. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Price Performance

NEE stock opened at $74.70 on Friday. The stock has a market capitalization of $153.78 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company’s 50-day moving average is $69.00 and its 200-day moving average is $70.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

NextEra Energy Company 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.