Royal Fund Management LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Royal Fund Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,618 shares of the utilities provider’s stock after acquiring an additional 3,245 shares during the period. Royal Fund Management LLC’s holdings in NextEra Energy were worth $888,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $29,000. Alaska Permanent Fund Corp grew its stake in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the fourth quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE:NEE traded up $1.29 during midday trading on Friday, hitting $70.14. 12,687,503 shares of the stock were exchanged, compared to its average volume of 11,442,457. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The company has a market capitalization of $144.10 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.53 and a beta of 0.50. The business has a 50-day moving average price of $62.00 and a two-hundred day moving average price of $59.58. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.28 billion. During the same period in the previous year, the company posted $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. 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 2.94%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NEE shares. 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 note on Tuesday, March 19th. Morgan Stanley lifted their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Finally, Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. One 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. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target 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.