InTrack Investment Management Inc Takes Position in NextEra Energy, Inc. (NYSE:NEE)

InTrack Investment Management Inc acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,278 shares of the utilities provider’s stock, valued at approximately $465,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Investment Research LLC raised its holdings in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth $29,000. Stuart Chaussee & Associates Inc. boosted its position in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.8 %

NEE traded up $0.57 during trading on Tuesday, hitting $70.47. 9,362,635 shares of the company’s stock were exchanged, compared to its average volume of 11,966,266. The stock has a 50 day moving average price of $73.34 and a 200 day moving average price of $64.57. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $144.78 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm 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 firm’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

Several analysts have recently commented on NEE shares. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI raised their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Barclays reduced their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 13th. Bank of America increased their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. One investment 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’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $77.57.

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.