Everpar Advisors LLC Invests $356,000 in NextEra Energy, Inc. (NYSE:NEE)

Everpar Advisors LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,854 shares of the utilities provider’s stock, valued at approximately $356,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC raised its holdings in NextEra Energy by 49.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after purchasing an additional 4,046 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth about $291,000. Barlow Wealth Partners Inc. purchased a new stake in NextEra Energy in the fourth quarter worth about $633,000. Patrick M Sweeney & Associates Inc. bought a new stake in NextEra Energy during the 4th quarter valued at approximately $251,000. Finally, Sovereign Financial Group Inc. grew its holdings in shares of NextEra Energy by 4.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 8,807 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 346 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.2 %

Shares of NEE traded up $0.89 during trading hours on Wednesday, hitting $72.84. The company had a trading volume of 9,912,914 shares, compared to its average volume of 11,909,226. The firm has a fifty day moving average price of $62.65 and a 200-day moving average price of $59.94. 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 has a market capitalization of $149.65 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.58 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 (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.83%. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Mizuho upped their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Finally, Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.