Brown Miller Wealth Management LLC Has $2.18 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Brown Miller Wealth Management LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,929 shares of the utilities provider’s stock after purchasing an additional 919 shares during the quarter. NextEra Energy makes up about 1.1% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Brown Miller Wealth Management LLC’s holdings in NextEra Energy were worth $2,182,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wimmer Associates 1 LLC boosted its position in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its position in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares during the last quarter. Baldwin Investment Management LLC boosted its stake in shares of NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 150 shares during the period. Greenfield Savings Bank raised its position in NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC boosted its position in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after buying an additional 169 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, November 29th. Mizuho restated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Citigroup started coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.46.

NextEra Energy Stock Up 0.2 %

Shares of NEE traded up $0.12 during midday trading on Thursday, hitting $63.91. 12,730,007 shares of the company’s stock traded hands, compared to its average volume of 12,073,567. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $131.17 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The firm’s fifty day moving average is $57.83 and its 200-day moving average is $58.62.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the business posted $0.51 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business 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 represents a $2.06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

About NextEra Energy

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.