NextEra Energy, Inc. (NYSE:NEE) Shares Bought by SFE Investment Counsel

SFE Investment Counsel grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 33.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 109,399 shares of the utilities provider’s stock after buying an additional 27,665 shares during the quarter. NextEra Energy accounts for approximately 1.7% of SFE Investment Counsel’s portfolio, making the stock its 14th biggest position. SFE Investment Counsel’s holdings in NextEra Energy were worth $6,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avitas Wealth Management LLC boosted its stake in shares of 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 buying an additional 1,057 shares during the period. Stiles Financial Services Inc lifted its stake in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares during the last quarter. Asio Capital LLC purchased a new stake in NextEra Energy during the fourth quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC lifted its stake in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. BMO Capital Markets cut their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.41 on Thursday, hitting $64.20. The company had a trading volume of 6,565,977 shares, compared to its average volume of 11,798,856. 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 52-week low of $47.15 and a 52-week high of $79.78. The business has a 50 day moving average of $59.58 and a 200 day moving average of $58.39. The company has a market cap of $131.77 billion, a PE ratio of 17.72, a PEG ratio of 2.22 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.21%. NextEra Energy’s dividend payout ratio is 57.06%.

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.