Syon Capital LLC Has $1.32 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Syon Capital LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 134.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,700 shares of the utilities provider’s stock after acquiring an additional 12,432 shares during the quarter. Syon Capital LLC’s holdings in NextEra Energy were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NEE. Meritage Portfolio Management lifted its holdings in shares of NextEra Energy by 10.9% during the fourth quarter. Meritage Portfolio Management now owns 5,213 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 512 shares during the period. Sycomore Asset Management raised its holdings in shares of NextEra Energy by 6.0% in the fourth quarter. Sycomore Asset Management now owns 38,210 shares of the utilities provider’s stock valued at $2,315,000 after buying an additional 2,154 shares during the last quarter. South Dakota Investment Council raised its holdings in shares of NextEra Energy by 3.6% in the fourth quarter. South Dakota Investment Council now owns 60,807 shares of the utilities provider’s stock valued at $3,693,000 after buying an additional 2,100 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $613,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of NextEra Energy by 18.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 20,773 shares of the utilities provider’s stock valued at $1,262,000 after buying an additional 3,286 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Mizuho boosted their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Performance

Shares of NEE traded up $0.34 during mid-day trading on Thursday, hitting $66.90. The stock had a trading volume of 11,385,648 shares, compared to its average volume of 11,936,013. The firm has a market cap of $137.31 billion, a P/E ratio of 18.25, a PEG ratio of 2.38 and a beta of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The business has a fifty day moving average price of $60.47 and a 200-day moving average price of $58.89.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.