Connecticut Wealth Management LLC Has $2.02 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Connecticut Wealth Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,298 shares of the utilities provider’s stock after purchasing an additional 5,128 shares during the quarter. Connecticut Wealth Management LLC’s holdings in NextEra Energy were worth $2,023,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy Financial Group LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $38,000. Brown Advisory Inc. grew its position in NextEra Energy by 20.7% during the 3rd quarter. Brown Advisory Inc. now owns 233,682 shares of the utilities provider’s stock worth $13,388,000 after acquiring an additional 40,017 shares during the last quarter. Signet Financial Management LLC grew its position in NextEra Energy by 4.7% during the 3rd quarter. Signet Financial Management LLC now owns 15,845 shares of the utilities provider’s stock worth $908,000 after acquiring an additional 709 shares during the last quarter. Northstar Asset Management LLC grew its position in shares of NextEra Energy by 2.4% in the 3rd quarter. Northstar Asset Management LLC now owns 21,814 shares of the utilities provider’s stock valued at $1,250,000 after buying an additional 505 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of NextEra Energy by 1.5% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 112,370 shares of the utilities provider’s stock valued at $6,438,000 after buying an additional 1,611 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NEE shares. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Mizuho boosted their price objective on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Morgan Stanley upped their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Guggenheim increased their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.29 during mid-day trading on Friday, reaching $70.14. 12,687,503 shares of the company’s stock traded hands, compared to its average volume of 11,442,457. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The firm has a 50 day moving average price of $62.00 and a two-hundred day moving average price of $59.58. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a market capitalization of $144.10 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 2.94%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

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.