Seneca House Advisors Buys 4,162 Shares of NextEra Energy, Inc. (NYSE:NEE)

Seneca House Advisors increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,673 shares of the utilities provider’s stock after purchasing an additional 4,162 shares during the quarter. NextEra Energy makes up approximately 1.5% of Seneca House Advisors’ portfolio, making the stock its 24th biggest holding. Seneca House Advisors’ holdings in NextEra Energy were worth $3,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Clear Investment Research LLC raised its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the 4th quarter valued at $29,000. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy during the 4th quarter valued at $34,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Barclays decreased their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Royal Bank of Canada upped their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Trading Down 3.9 %

NYSE NEE traded down $2.91 during trading on Friday, hitting $70.81. 23,935,557 shares of the company’s stock traded hands, compared to its average volume of 12,340,414. The stock has a fifty day moving average of $73.25 and a two-hundred day moving average of $64.52. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The firm has a market cap of $145.48 billion, a P/E ratio of 19.29, a PEG ratio of 2.42 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current 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 issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.91%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.