Evanson Asset Management LLC Takes $222,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Evanson Asset Management LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,652 shares of the utilities provider’s stock, valued at approximately $222,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC raised its position in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after acquiring an additional 30,218,452 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in NextEra Energy in the third quarter worth $141,817,000. Nordea Investment Management AB raised its position in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. BMO Capital Markets upped their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Mizuho reissued a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.46.

NextEra Energy Trading Up 0.2 %

Shares of NextEra Energy stock traded up $0.12 during trading hours on Thursday, reaching $63.91. The stock had a trading volume of 12,730,007 shares, compared to its average volume of 12,073,567. The firm has a 50 day simple moving average of $57.83 and a two-hundred day simple moving average of $58.62. The firm has a market capitalization of $131.17 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period last year, the business posted $0.51 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid 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 yield of 3.22%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

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.