Steigerwald Gordon & Koch Inc. Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Steigerwald Gordon & Koch Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,245 shares of the utilities provider’s stock after acquiring an additional 286 shares during the quarter. NextEra Energy comprises about 1.9% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 25th largest holding. Steigerwald Gordon & Koch Inc.’s holdings in NextEra Energy were worth $17,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Bellwether Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $69.87 on Thursday. The business’s 50-day moving average price is $68.41 and its 200 day moving average price is $70.71. The firm has a market cap of $143.84 billion, a P/E ratio of 20.73, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s payout ratio is currently 84.64%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on NEE. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Barclays cut their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

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.