Hexagon Capital Partners LLC Purchases 1,683 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hexagon Capital Partners LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,179 shares of the utilities provider’s stock after purchasing an additional 1,683 shares during the quarter. Hexagon Capital Partners LLC’s holdings in NextEra Energy were worth $983,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares during the last quarter. Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Alaska Permanent Fund Corp increased its stake in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.6 %

Shares of NYSE NEE traded down $0.44 during trading hours on Tuesday, reaching $66.99. The stock had a trading volume of 10,042,329 shares, compared to its average volume of 11,865,637. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $137.62 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.43 and a beta of 0.51. The business’s fifty day moving average price is $61.26 and its two-hundred day moving average price is $59.34. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53.

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

NextEra Energy Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on NEE shares. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Mizuho boosted their target price on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.