Fidelis Capital Partners LLC Buys 4,256 Shares of NextEra Energy, Inc. (NYSE:NEE)

Fidelis Capital Partners LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 32.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,526 shares of the utilities provider’s stock after acquiring an additional 4,256 shares during the quarter. Fidelis Capital Partners LLC’s holdings in NextEra Energy were worth $1,065,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $29,000. Alaska Permanent Fund Corp raised its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in NextEra Energy in the 2nd quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. bought a new stake in shares of NextEra Energy in the 4th quarter worth $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE traded up $0.21 on Thursday, hitting $64.00. 10,133,643 shares of the company traded hands, compared to its average volume of 11,851,049. The business’s 50 day moving average price is $59.58 and its 200-day moving average price is $58.39. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $131.36 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $0.51 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy’s dividend payout ratio is 57.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays initiated coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Mizuho reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.