Mach 1 Financial Group LLC Has $3.42 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mach 1 Financial Group LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 116.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,254 shares of the utilities provider’s stock after acquiring an additional 30,235 shares during the period. NextEra Energy comprises 1.3% of Mach 1 Financial Group LLC’s holdings, making the stock its 21st largest holding. Mach 1 Financial Group LLC’s holdings in NextEra Energy were worth $3,417,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy during the fourth quarter valued at $29,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $34,000. Alaska Permanent Fund Corp grew its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded down $0.44 during mid-day trading on Tuesday, hitting $66.99. 10,042,329 shares of the stock traded hands, compared to its average volume of 11,865,637. The business’s 50-day moving average price is $61.26 and its 200 day moving average price is $59.34. The company has a market cap of $137.62 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-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.

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

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Bank of America boosted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Barclays initiated coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus 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.