Trinity Financial Advisors LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Trinity Financial Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,252 shares of the utilities provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently made changes to their positions in NEE. Baker Ellis Asset Management LLC grew its position in NextEra Energy by 8.5% in the first quarter. Baker Ellis Asset Management LLC now owns 12,105 shares of the utilities provider’s stock worth $774,000 after acquiring an additional 950 shares in the last quarter. Meridian Financial Partners LLC grew its position in NextEra Energy by 2.6% in the first quarter. Meridian Financial Partners LLC now owns 23,035 shares of the utilities provider’s stock worth $1,421,000 after acquiring an additional 577 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in NextEra Energy in the first quarter worth $181,000. Toth Financial Advisory Corp grew its position in NextEra Energy by 625.9% in the first quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock worth $52,000 after acquiring an additional 701 shares in the last quarter. Finally, Opinicus Capital Inc. grew its position in NextEra Energy by 68.8% in the first quarter. Opinicus Capital Inc. now owns 9,859 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 4,017 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NEE. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Barclays cut their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Trading Down 3.9 %

Shares of NYSE:NEE traded down $2.91 during midday trading on Friday, hitting $70.81. 23,935,557 shares of the stock traded hands, compared to its average volume of 12,340,414. The stock has a market capitalization of $145.48 billion, a PE ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 0.56. The business’s 50 day moving average is $73.25 and its two-hundred day moving average is $64.50. 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 one year low of $47.15 and a one year high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 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 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is currently 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.