NextEra Energy, Inc. (NYSE:NEE) Position Raised by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 124.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 49,550 shares of the utilities provider’s stock after buying an additional 27,427 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $3,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Webster Bank N. A. lifted its stake in NextEra Energy by 2.1% in the fourth quarter. Webster Bank N. A. now owns 16,707 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 344 shares during the last quarter. Independence Bank of Kentucky lifted its stake in NextEra Energy by 55.7% in the fourth quarter. Independence Bank of Kentucky now owns 46,015 shares of the utilities provider’s stock valued at $2,795,000 after buying an additional 16,456 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in NextEra Energy by 37.0% in the fourth quarter. DAVENPORT & Co LLC now owns 2,011,631 shares of the utilities provider’s stock valued at $122,340,000 after buying an additional 543,291 shares during the last quarter. Patten & Patten Inc. TN lifted its stake in NextEra Energy by 2.2% in the fourth quarter. Patten & Patten Inc. TN now owns 187,730 shares of the utilities provider’s stock valued at $11,403,000 after buying an additional 4,039 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its stake in NextEra Energy by 45.2% in the fourth quarter. FAS Wealth Partners Inc. now owns 36,162 shares of the utilities provider’s stock valued at $2,196,000 after buying an additional 11,251 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEE shares. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Mizuho restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $72.46.

Read Our Latest Research Report on NEE

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $62.88 on Wednesday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The firm has a market cap of $129.06 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.25 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The business has a fifty day moving average of $58.33 and a 200-day moving average of $58.42.

NextEra Energy (NYSE:NEEGet Free Report) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates 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 company posted $0.51 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.28%. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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