Farmers & Merchants Investments Inc. Acquires 31,061 Shares of NextEra Energy, Inc. (NYSE:NEE)

Farmers & Merchants Investments Inc. increased its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 62.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,611 shares of the utilities provider’s stock after acquiring an additional 31,061 shares during the period. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $5,152,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. GSG Advisors LLC raised its position in NextEra Energy by 2.6% during the first quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 162 shares in the last quarter. Greenfield Savings Bank increased its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the period. Bay Harbor Wealth Management LLC increased its holdings in shares of NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the period. MKT Advisors LLC increased its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the period. Finally, First Pacific Financial increased its holdings in shares of NextEra Energy by 2.0% in the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after buying an additional 177 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets lifted their price objective on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Wednesday, June 12th. Finally, Barclays cut their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.57.

Check Out Our Latest Analysis on NEE

NextEra Energy Price Performance

NEE stock opened at $70.47 on Wednesday. The firm has a 50 day moving average price of $73.34 and a 200-day moving average price of $64.57. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The firm has a market capitalization of $144.78 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 earnings per share. The business’s revenue was down 14.7% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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