PFG Investments LLC Purchases 41,357 Shares of NextEra Energy, Inc. (NYSE:NEE)

PFG Investments LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 360.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,842 shares of the utilities provider's stock after acquiring an additional 41,357 shares during the quarter. PFG Investments LLC's holdings in NextEra Energy were worth $3,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NEE. Strategic Blueprint LLC grew its position in NextEra Energy by 11.7% in the 3rd quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider's stock worth $716,000 after purchasing an additional 1,308 shares during the last quarter. Caprock Group LLC grew its position in NextEra Energy by 17.3% in the 3rd quarter. Caprock Group LLC now owns 18,447 shares of the utilities provider's stock worth $1,057,000 after purchasing an additional 2,714 shares during the last quarter. Capital Asset Advisory Services LLC grew its position in NextEra Energy by 35.1% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 16,366 shares of the utilities provider's stock worth $876,000 after purchasing an additional 4,256 shares during the last quarter. DDD Partners LLC grew its position in NextEra Energy by 16.0% in the 3rd quarter. DDD Partners LLC now owns 260,706 shares of the utilities provider's stock worth $13,817,000 after purchasing an additional 35,931 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its position in NextEra Energy by 163.5% in the 3rd quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider's stock worth $720,000 after purchasing an additional 7,800 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 1.4 %

Shares of NEE traded down $0.91 on Friday, reaching $65.99. 9,982,762 shares of the company's stock were exchanged, compared to its average volume of 10,921,297. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $135.58 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.46 and a beta of 0.51. The business has a 50 day moving average price of $60.85 and a two-hundred day moving average price of $59.11. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. NextEra Energy's dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. Scotiabank lifted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a "sector outperform" rating in a research report on Monday, April 22nd. Morgan Stanley lifted their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Mizuho lifted their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $66.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.50.

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.

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