Rather & Kittrell Inc. Takes $1.20 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Rather & Kittrell Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,783 shares of the utilities provider’s stock, valued at approximately $1,202,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $29,000. Rakuten Securities Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Alaska Permanent Fund Corp increased its holdings in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at $34,000. Finally, HBC Financial Services PLLC bought a new position in NextEra Energy during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.89 during midday trading on Friday, hitting $66.01. 9,982,530 shares of the company were exchanged, compared to its average volume of 11,912,114. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The business has a fifty day simple moving average of $60.85 and a two-hundred day simple moving average of $59.06. The firm has a market capitalization of $135.62 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 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 $0.515 dividend. The ex-dividend date 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 3.12%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Wells Fargo & Company raised their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Morgan Stanley increased their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

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.