SlateStone Wealth LLC Acquires 1,357 Shares of NextEra Energy, Inc. (NYSE:NEE)

SlateStone Wealth LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 81,806 shares of the utilities provider’s stock after purchasing an additional 1,357 shares during the quarter. SlateStone Wealth LLC’s holdings in NextEra Energy were worth $4,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the period. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Rakuten Securities Inc. bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, HBC Financial Services PLLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of several research reports. Scotiabank lifted their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Barclays initiated coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Mizuho lifted their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Guggenheim lifted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.21.

NextEra Energy Price Performance

NextEra Energy stock opened at $65.58 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.10. The stock has a market capitalization of $134.60 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The stock has a fifty day moving average of $60.26 and a 200-day moving average of $58.83.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.14%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

NextEra Energy 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.