III Capital Management Has $10.02 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

III Capital Management lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 101.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 165,000 shares of the utilities provider’s stock after buying an additional 83,000 shares during the quarter. III Capital Management’s holdings in NextEra Energy were worth $10,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NEE. Avitas Wealth Management LLC grew its position in NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the period. Stiles Financial Services Inc boosted its holdings in NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Janney Capital Management LLC raised its stake in shares of NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares during the period. Asio Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $2,701,000. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Barclays lifted their target price on NextEra Energy from $66.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Scotiabank boosted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Finally, Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. One equities research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.50.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $4.23 during midday trading on Tuesday, hitting $72.74. 22,625,283 shares of the company’s stock were exchanged, compared to its average volume of 11,753,261. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a market cap of $149.45 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.76 and a beta of 0.56. The business’s fifty day moving average price is $70.79 and its two-hundred day moving average price is $63.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the business earned $0.84 earnings per share. The business’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.