NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,202 shares of the utilities provider’s stock after purchasing an additional 4,069 shares during the period. Motley Fool Asset Management LLC’s holdings in NextEra Energy were worth $3,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Rakuten Securities Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Alaska Permanent Fund Corp raised its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, HBC Financial Services PLLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

Shares of NEE traded up $0.34 during midday trading on Thursday, reaching $66.90. The stock had a trading volume of 11,369,761 shares, compared to its average volume of 11,936,405. The company’s fifty day simple moving average is $60.67 and its two-hundred day simple moving average is $58.94. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The company has a market cap of $137.31 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.38 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Guggenheim increased their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Mizuho increased their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.