Kovack Advisors Inc. Acquires 11,860 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kovack Advisors Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 140.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,320 shares of the utilities provider’s stock after purchasing an additional 11,860 shares during the quarter. Kovack Advisors Inc.’s holdings in NextEra Energy were worth $1,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpine Global Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth $458,000. Gotham Asset Management LLC lifted its position in NextEra Energy by 141.8% during the third quarter. Gotham Asset Management LLC now owns 21,541 shares of the utilities provider’s stock worth $1,234,000 after purchasing an additional 12,634 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in NextEra Energy by 3.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 111,926 shares of the utilities provider’s stock worth $6,412,000 after buying an additional 3,412 shares in the last quarter. Quadrature Capital Ltd bought a new position in NextEra Energy in the 3rd quarter valued at about $784,000. Finally, Evergreen Capital Management LLC raised its position in shares of NextEra Energy by 13.5% in the 3rd quarter. Evergreen Capital Management LLC now owns 19,298 shares of the utilities provider’s stock valued at $1,106,000 after buying an additional 2,291 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.9 %

Shares of NYSE NEE opened at $71.83 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company has a 50 day simple moving average of $73.53 and a 200 day simple moving average of $64.68. The firm has a market cap of $147.58 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed 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 2.87%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NEE shares. Royal Bank of Canada increased their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research note on Wednesday, June 12th. Bank of America boosted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. One 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 MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $77.57.

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.