Parkside Financial Bank & Trust Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Parkside Financial Bank & Trust boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,773 shares of the utilities provider’s stock after purchasing an additional 3,286 shares during the period. Parkside Financial Bank & Trust’s holdings in NextEra Energy were worth $1,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC grew its stake in NextEra Energy by 10.3% in the third quarter. International Assets Investment Management LLC now owns 26,834 shares of the utilities provider’s stock worth $1,609,000 after purchasing an additional 2,505 shares during the period. Legacy Capital Wealth Partners LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth about $267,000. Douglas Lane & Associates LLC lifted its position in NextEra Energy by 16.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 10,866 shares of the utilities provider’s stock valued at $623,000 after acquiring an additional 1,551 shares during the period. Viking Fund Management LLC boosted its stake in NextEra Energy by 35.3% during the third quarter. Viking Fund Management LLC now owns 115,000 shares of the utilities provider’s stock worth $6,588,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Community Trust & Investment Co. grew its holdings in NextEra Energy by 2.9% in the third quarter. Community Trust & Investment Co. now owns 111,441 shares of the utilities provider’s stock worth $6,384,000 after purchasing an additional 3,093 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.30 during trading on Wednesday, reaching $65.90. 1,694,284 shares of the stock traded hands, compared to its average volume of 11,803,768. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company has a market capitalization of $135.26 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 2.35 and a beta of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.10. The business has a fifty day simple moving average of $60.26 and a two-hundred day simple moving average of $58.83.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. Sell-side analysts expect 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. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotiabank upped their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday. One 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 company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $71.21.

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.