Kozak & Associates Inc. Acquires 257 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kozak & Associates Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,559 shares of the utilities provider’s stock after acquiring an additional 257 shares during the quarter. Kozak & Associates Inc.’s holdings in NextEra Energy were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $45,000. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $72.83 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a market capitalization of $149.94 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The stock’s 50 day moving average price is $68.49 and its 200-day moving average price is $70.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is 84.64%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

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.