Stanley Laman Group Ltd. Makes New $387,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Stanley Laman Group Ltd. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,376 shares of the utilities provider’s stock, valued at approximately $387,000.

Other hedge funds also recently made changes to their positions in the company. Motley Fool Asset Management LLC increased its stake in NextEra Energy by 7.8% in the 4th quarter. Motley Fool Asset Management LLC now owns 56,202 shares of the utilities provider’s stock worth $3,414,000 after purchasing an additional 4,069 shares in the last quarter. Tandem Capital Management Corp ADV lifted its position in shares of NextEra Energy by 188.5% in the 4th quarter. Tandem Capital Management Corp ADV now owns 10,155 shares of the utilities provider’s stock valued at $617,000 after acquiring an additional 6,635 shares in the last quarter. VCI Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $934,000. State of New Jersey Common Pension Fund D boosted its stake in NextEra Energy by 0.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,168,838 shares of the utilities provider’s stock worth $70,995,000 after purchasing an additional 9,268 shares during the period. Finally, Syon Capital LLC grew its position in NextEra Energy by 134.1% during the 4th quarter. Syon Capital LLC now owns 21,700 shares of the utilities provider’s stock worth $1,318,000 after purchasing an additional 12,432 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NEE. Mizuho raised their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim increased their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Stock Performance

NEE traded down $0.89 on Friday, hitting $66.01. The company had a trading volume of 9,982,530 shares, compared to its average volume of 11,912,114. The stock has a market cap of $135.62 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The company’s fifty day moving average price is $60.85 and its 200 day moving average price is $59.06. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed 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. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 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.