Measured Wealth Private Client Group LLC Purchases 197 Shares of NextEra Energy, Inc. (NYSE:NEE)

Measured Wealth Private Client Group LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,288 shares of the utilities provider’s stock after buying an additional 197 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $2,561,055,000. State of Michigan Retirement System increased its stake in shares of NextEra Energy by 400.7% during the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Finally, Capital World Investors purchased a new position in NextEra Energy in the 4th quarter valued at approximately $114,953,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.57 during mid-day trading on Tuesday, reaching $70.47. 9,362,635 shares of the company were exchanged, compared to its average volume of 11,966,266. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $144.78 billion, a PE ratio of 19.19, a PEG ratio of 2.42 and a beta of 0.54. The company’s 50 day moving average price is $73.34 and its 200 day moving average price is $64.57.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NEE shares. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. BMO Capital Markets lifted their price objective 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. Finally, Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.57.

About NextEra Energy

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.