Cetera Investment Advisers Purchases 50,567 Shares of NextEra Energy, Inc. (NYSE:NEE)

Posted by Defense World Staff on Jun 13th, 2023

Cetera Investment Advisers raised its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 79.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,557 shares of the utilities provider’s stock after acquiring an additional 50,567 shares during the quarter. Cetera Investment Advisers’ holdings in NextEra Energy were worth $9,577,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Mendota Financial Group LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $30,000. Align Wealth Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $34,000. Trifecta Capital Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $35,000. Bellwether Advisors LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $38,000. Finally, Portland Hill Asset Management Ltd bought a new position in NextEra Energy in the 4th quarter worth $39,000. 76.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NEE shares. BMO Capital Markets decreased their price target on shares of NextEra Energy from $95.00 to $90.00 in a report on Wednesday, April 26th. Morgan Stanley raised their target price on NextEra Energy from $94.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. StockNews.com assumed coverage on NextEra Energy in a research report on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group started coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price on the stock. Finally, Guggenheim reduced their price target on shares of NextEra Energy from $96.00 to $92.00 in a report on Monday, April 24th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

NextEra Energy Stock Down 0.1 %

Shares of NEE opened at $73.98 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $78.13. The stock has a market cap of $149.69 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.85 and a beta of 0.47. NextEra Energy, Inc. has a 12 month low of $69.64 and a 12 month high of $91.35.

NextEra Energy (NYSE:NEE – Get Rating) last issued its earnings results on Tuesday, April 25th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $5.78 billion. NextEra Energy had a return on equity of 12.44% and a net margin of 26.97%. During the same period in the prior year, the firm posted $0.74 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be issued a $0.4675 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, May 26th. NextEra Energy’s payout ratio is 55.65%.

NextEra Energy Profile

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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, coal, and natural gas facilities. 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.