1,158 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Naples Money Management LLC

Naples Money Management LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,158 shares of the utilities provider’s stock, valued at approximately $70,000.

Other hedge funds have also recently made changes to their positions in the company. Avitas Wealth Management LLC raised its stake in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its stake in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in NextEra Energy by 1.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after buying an additional 6,325 shares during the last quarter. Asio Capital LLC purchased a new stake in NextEra Energy in the fourth quarter valued at about $2,701,000. Finally, Robertson Stephens Wealth Management LLC increased its holdings in shares of NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after purchasing an additional 1,211 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Guggenheim increased their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Wells Fargo & Company increased their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets cut their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.30 during midday trading on Friday, hitting $64.31. 13,418,835 shares of the company were exchanged, compared to its average volume of 11,871,479. The firm has a market capitalization of $131.99 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. The business has a fifty day simple moving average of $59.73 and a two-hundred day simple moving average of $58.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

NextEra Energy Company 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.