Breakwater Capital Group Has $477,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Breakwater Capital Group decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,456 shares of the utilities provider’s stock after selling 727 shares during the period. Breakwater Capital Group’s holdings in NextEra Energy were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Clear Investment Research LLC grew its stake in NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. grew its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the period. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. BMO Capital Markets raised their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Morgan Stanley increased their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.81 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $64.52. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.54.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.