Fielder Capital Group LLC Invests $219,000 in NextEra Energy, Inc. (NYSE:NEE)

Fielder Capital Group LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,605 shares of the utilities provider’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at $29,000. Alaska Permanent Fund Corp increased its holdings in NextEra Energy by 59.8% in 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 last quarter. Stuart Chaussee & Associates Inc. raised its stake in NextEra Energy by 315.4% in the 4th 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 during the period. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on NEE shares. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Guggenheim boosted their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Mizuho raised their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Finally, Scotiabank increased their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One 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. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $1.12 during trading hours on Monday, reaching $71.26. 14,040,262 shares of the stock traded hands, compared to its average volume of 11,912,485. The company’s 50-day simple moving average is $62.33 and its two-hundred day simple moving average is $59.80. The company has a market capitalization of $146.41 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. 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 issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $0.84 earnings per share. Equities research analysts forecast 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 paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 2.89%. NextEra Energy’s payout ratio is currently 56.13%.

About NextEra Energy

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.