Asio Capital LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Asio Capital LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,796 shares of the utilities provider’s stock after buying an additional 1,241 shares during the period. Asio Capital LLC’s holdings in NextEra Energy were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $45,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 1.2%

Shares of NEE opened at $74.70 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $153.78 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68. The firm has a 50-day moving average price of $69.00 and a 200 day moving average price of $70.46. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given 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 payout ratio is 84.64%.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of 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. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Company 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.