FLC Capital Advisors Grows Position in NextEra Energy, Inc. (NYSE:NEE)

FLC Capital Advisors grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,881 shares of the utilities provider’s stock after buying an additional 1,382 shares during the quarter. FLC Capital Advisors’ holdings in NextEra Energy were worth $600,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Norges Bank acquired a new stake in NextEra Energy in the fourth quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC raised its holdings 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 valued at $2,530,055,000 after acquiring an additional 30,218,452 shares in the last quarter. Northern Trust Corp raised its holdings in NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after acquiring an additional 455,271 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NextEra Energy by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after acquiring an additional 315,356 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE traded up $2.36 on Wednesday, reaching $63.79. The company had a trading volume of 13,231,656 shares, compared to its average volume of 12,060,879. The company has a fifty day moving average of $57.72 and a 200-day moving average of $58.58. The company has a market capitalization of $130.92 billion, a P/E ratio of 17.58, a PEG ratio of 2.22 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 one year low of $47.15 and a one year high of $79.78.

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 the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Mizuho reissued a “buy” rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Guggenheim increased their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

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.