John G Ullman & Associates Inc. Has $881,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

John G Ullman & Associates Inc. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 218.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,497 shares of the utilities provider’s stock after buying an additional 9,950 shares during the quarter. John G Ullman & Associates Inc.’s holdings in NextEra Energy were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEE. Norges Bank acquired a new stake in NextEra Energy during the 4th quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC grew its holdings in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after buying an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $141,817,000. Nordea Investment Management AB grew its holdings in shares of NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after buying an additional 2,148,205 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after buying an additional 2,146,625 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.5 %

Shares of NYSE:NEE opened at $64.31 on Friday. The company’s 50-day moving average price is $59.89 and its two-hundred day moving average price is $58.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The stock has a market capitalization of $131.99 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. Barclays began coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. BMO Capital Markets decreased their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim boosted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $71.36.

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.