DeDora Capital Inc. Has $736,000 Position in NextEra Energy, Inc. (NYSE:NEE)

DeDora Capital Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,511 shares of the utilities provider’s stock after purchasing an additional 270 shares during the period. DeDora Capital Inc.’s holdings in NextEra Energy were worth $736,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Legacy Financial Group LLC bought a new position in shares of NextEra Energy in the 3rd quarter valued at about $38,000. Brown Advisory Inc. boosted its position in shares of NextEra Energy by 20.7% in the 3rd 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. Signet Financial Management LLC grew its stake in shares of NextEra Energy by 4.7% during the third quarter. Signet Financial Management LLC now owns 15,845 shares of the utilities provider’s stock worth $908,000 after purchasing an additional 709 shares during the period. Northstar Asset Management LLC lifted its stake in NextEra Energy by 2.4% in the third 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 period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in NextEra Energy by 1.5% during the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 112,370 shares of the utilities provider’s stock worth $6,438,000 after buying an additional 1,611 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $1.29 during midday trading on Friday, reaching $70.14. 12,687,503 shares of the company’s stock were exchanged, compared to its average volume of 11,442,457. 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 stock’s 50-day simple moving average is $62.00 and its 200 day simple moving average is $59.58. The firm has a market cap of $144.10 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.53 and a beta of 0.50. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal 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 paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Finally, Mizuho boosted their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned 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.

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.