LVM Capital Management Ltd. MI Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

LVM Capital Management Ltd. MI boosted its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,521 shares of the utilities provider’s stock after buying an additional 208 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in NextEra Energy were worth $2,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Jackson Wealth Management LLC boosted its stake in NextEra Energy by 275.6% in the third quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock worth $28,000 after buying an additional 52,510 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in NextEra Energy by 295.5% in the first quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock worth $29,000 after buying an additional 260 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in NextEra Energy in the fourth quarter worth approximately $31,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in NextEra Energy in the fourth quarter worth approximately $34,000. Finally, Guardian Wealth Management Inc. bought a new stake in NextEra Energy in the fourth quarter valued at approximately $43,000. 77.89% of the stock is owned by institutional investors and hedge funds.

In other news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 3rd. The shares were bought at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $350,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. BMO Capital Markets lowered their price objective on NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. Mizuho lowered their price objective on NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Evercore ISI reiterated a “hold” rating and issued a $90.00 price objective on shares of NextEra Energy in a research report on Friday, April 22nd. Finally, StockNews.com assumed coverage on NextEra Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.86.

Shares of NextEra Energy stock opened at $74.69 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.16. The company has a market cap of $146.73 billion, a PE ratio of 100.93, a P/E/G ratio of 2.79 and a beta of 0.48. The business has a 50 day moving average of $74.38 and a 200 day moving average of $79.98. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $93.73.

NextEra Energy (NYSE:NEE – Get Rating) last announced its earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 2.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a $0.425 dividend. The ex-dividend date was Friday, May 27th. This represents a $1.70 annualized dividend and a yield of 2.28%. NextEra Energy’s payout ratio is 229.73%.

NextEra Energy Profile (Get Rating)

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, coal, and natural gas facilities. 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.

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