Firestone Capital Management Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Firestone Capital Management boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,930 shares of the utilities provider’s stock after acquiring an additional 3,353 shares during the quarter. NextEra Energy comprises approximately 0.8% of Firestone Capital Management’s portfolio, making the stock its 27th biggest holding. Firestone Capital Management’s holdings in NextEra Energy were worth $2,486,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mizuho Markets Americas LLC purchased a new position in NextEra Energy during the third quarter worth about $141,817,000. Nordea Investment Management AB lifted its position in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares during the period. International Assets Investment Management LLC lifted its position in NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares during the period. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of NextEra Energy in the 4th quarter worth about $94,883,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.7 %

NEE traded down $0.45 during trading on Tuesday, reaching $66.97. 9,776,700 shares of the stock traded hands, compared to its average volume of 11,862,461. 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 stock has a market capitalization of $137.59 billion, a PE ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. The stock’s 50-day moving average is $61.05 and its 200 day moving average is $59.25. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53.

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

NextEra Energy Increases Dividend

The company 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. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Guggenheim raised their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.