U.S. Capital Wealth Advisors LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

U.S. Capital Wealth Advisors LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 94.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,630 shares of the utilities provider’s stock after purchasing an additional 12,965 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in NextEra Energy were worth $1,617,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Avitas Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after acquiring an additional 1,057 shares during the last quarter. Stiles Financial Services Inc lifted its holdings in shares of NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new stake in NextEra Energy in the fourth quarter worth about $2,701,000. Finally, Robertson Stephens Wealth Management LLC lifted its stake in NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on NEE shares. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Mizuho lifted their price target 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. Finally, Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.29 during mid-day trading on Friday, hitting $70.14. The company’s stock had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The business’s fifty day moving average is $62.00 and its two-hundred day moving average is $59.58. The stock has a market cap of $144.10 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year 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 0.43.

NextEra Energy (NYSE:NEE) last posted its 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 2.94%. NextEra Energy’s dividend payout ratio (DPR) is 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.