Scissortail Wealth Management LLC Makes New $474,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Scissortail Wealth Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,949 shares of the utilities provider’s stock, valued at approximately $474,000.

Other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new stake in NextEra Energy in the second quarter worth about $32,000. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the fourth quarter worth about $29,000. GeoWealth Management LLC boosted its holdings in NextEra Energy by 124.1% in the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 304 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.05 on Wednesday, reaching $61.70. The company’s stock had a trading volume of 11,594,124 shares, compared to its average volume of 11,029,350. The company has a market capitalization of $126.63 billion, a P/E ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The stock has a 50-day moving average price of $59.43 and a 200-day moving average price of $58.35. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.51 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.4 EPS 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 3.34%. NextEra Energy’s payout ratio is 57.06%.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

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.