Evexia Wealth LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Evexia Wealth LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,812 shares of the utilities provider’s stock after acquiring an additional 276 shares during the quarter. Evexia Wealth LLC’s holdings in NextEra Energy were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NEE. Brown Advisory Inc. boosted its position in NextEra Energy by 20.7% in the third quarter. Brown Advisory Inc. now owns 233,682 shares of the utilities provider’s stock worth $13,388,000 after purchasing an additional 40,017 shares during the last quarter. WealthShield Partners LLC boosted its holdings in shares of NextEra Energy by 4.9% in the 3rd quarter. WealthShield Partners LLC now owns 4,126 shares of the utilities provider’s stock worth $236,000 after buying an additional 193 shares during the last quarter. FORVIS Wealth Advisors LLC grew its position in NextEra Energy by 1.6% during the third quarter. FORVIS Wealth Advisors LLC now owns 30,966 shares of the utilities provider’s stock valued at $1,774,000 after buying an additional 479 shares during the period. NBT Bank N A NY increased its holdings in NextEra Energy by 63.2% during the third quarter. NBT Bank N A NY now owns 79,247 shares of the utilities provider’s stock worth $4,540,000 after buying an additional 30,697 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in NextEra Energy by 2.0% in the third quarter. Chicago Partners Investment Group LLC now owns 18,584 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 360 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.70 during trading hours on Tuesday, hitting $71.95. 13,416,327 shares of the company’s stock traded hands, compared to its average volume of 11,931,911. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The business’s fifty day simple moving average is $62.65 and its two-hundred day simple moving average is $59.94. 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 firm has a market cap of $147.82 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.58 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last issued 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 the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. BMO Capital Markets raised their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday. 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 note on Monday, April 22nd. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.93.

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.