Guidance Capital Inc. Purchases Shares of 14,749 NextEra Energy, Inc. (NYSE:NEE)

Guidance Capital Inc. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the first quarter, HoldingsChannel reports. The fund acquired 14,749 shares of the utilities provider’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GSG Advisors LLC grew its position in shares of NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 162 shares during the period. Greenfield Savings Bank grew its position in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its position in shares of NextEra Energy by 22.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 172 shares during the period. MKT Advisors LLC grew its position in shares of NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 173 shares during the period. Finally, First Pacific Financial boosted its holdings in shares of NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after buying an additional 177 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NEE. BMO Capital Markets lifted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. Citigroup lifted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. One investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $2.91 during midday trading on Friday, hitting $70.81. The stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The company’s 50-day moving average price is $73.25 and its 200-day moving average price is $64.50. The company has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

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.