NextEra Energy, Inc. (NYSE:NEE) Holdings Raised by Archer Investment Corp

Archer Investment Corp grew its position in NextEra Energy, Inc. (NYSE:NEE) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,061 shares of the utilities provider’s stock after acquiring an additional 4,943 shares during the quarter. NextEra Energy makes up approximately 0.8% of Archer Investment Corp’s holdings, making the stock its 27th largest position. Archer Investment Corp’s holdings in NextEra Energy were worth $2,494,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the 4th quarter worth $29,000. Alaska Permanent Fund Corp grew its stake in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy in the second quarter worth $32,000. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth $34,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 3.0 %

Shares of NYSE NEE traded up $1.84 during midday trading on Wednesday, hitting $63.54. The stock had a trading volume of 10,110,907 shares, compared to its average volume of 11,786,972. The company’s 50-day simple moving average is $59.43 and its 200 day simple moving average is $58.35. The firm has a market cap of $130.41 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion during 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 last year, the firm earned $0.51 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. BMO Capital Markets cut their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Mizuho restated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

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.