Charles Schwab Investment Management Inc. Has $654.94 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,782,674 shares of the utilities provider’s stock after acquiring an additional 429,979 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NextEra Energy were worth $654,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avitas Wealth Management LLC grew its position in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc increased its position in NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after purchasing an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after buying an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC bought a new position in NextEra Energy during the fourth quarter worth $162,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.70 during midday trading on Tuesday, hitting $71.95. The company’s stock had a trading volume of 13,416,327 shares, compared to its average volume of 11,931,911. The firm has a market capitalization of $147.82 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.58 and a beta of 0.50. The stock has a fifty day moving average price of $62.65 and a 200 day moving average price of $59.94. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. On average, research analysts forecast 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 dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Mizuho raised their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Morgan Stanley raised their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Guggenheim boosted 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, BMO Capital Markets lifted their target price on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.