First Trust Direct Indexing L.P. Purchases 7,069 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Trust Direct Indexing L.P. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,459 shares of the utilities provider’s stock after acquiring an additional 7,069 shares during the period. First Trust Direct Indexing L.P.’s holdings in NextEra Energy were worth $3,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Greenfield Savings Bank grew its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its stake in shares of NextEra Energy by 22.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 172 shares during the period. MKT Advisors LLC grew its stake in shares of NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares during the period. Meritage Portfolio Management grew its stake in shares of NextEra Energy by 3.9% in the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 177 shares during the period. Finally, First Pacific Financial grew its stake in shares of NextEra Energy by 2.0% in the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after purchasing an additional 177 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 2.5 %

NYSE:NEE traded up $1.65 during trading hours on Wednesday, hitting $68.62. 13,991,109 shares of the stock were exchanged, compared to its average volume of 11,890,941. The company’s 50 day moving average is $61.26 and its two-hundred day moving average is $59.34. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $140.98 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion for 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 quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. BMO Capital Markets upped their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Mizuho increased their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

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.