NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 37.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,315 shares of the utilities provider’s stock after acquiring an additional 3,608 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in NextEra Energy were worth $944,000 as of its most recent SEC filing.

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

NextEra Energy Price Performance

NEE stock opened at $74.70 on Friday. The business has a 50 day moving average price of $69.00 and a 200 day moving average price of $70.46. The stock has a market cap of $153.78 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NEE shares. Guggenheim reissued a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $84.50.

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.