Investment House LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Investment House LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,250 shares of the utilities provider’s stock after acquiring an additional 1,325 shares during the quarter. Investment House LLC’s holdings in NextEra Energy were worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. Alaska Permanent Fund Corp increased its stake in 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 buying an additional 208 shares during the period. Stuart Chaussee & Associates Inc. raised its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the fourth quarter worth approximately $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.3 %

Shares of NYSE:NEE opened at $67.20 on Tuesday. The company has a market capitalization of $138.06 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The company has a 50 day moving average of $61.05 and a two-hundred day moving average of $59.25. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

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 analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. As a group, analysts forecast 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. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.07%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Mizuho boosted their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Scotiabank increased their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $71.50.

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.