Founders Financial Alliance LLC Has $1.41 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Founders Financial Alliance LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,152 shares of the utilities provider’s stock after acquiring an additional 243 shares during the quarter. Founders Financial Alliance LLC’s holdings in NextEra Energy were worth $1,406,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nixon Peabody Trust Co. grew its holdings in NextEra Energy by 474.1% in the 4th quarter. Nixon Peabody Trust Co. now owns 174,935 shares of the utilities provider’s stock valued at $10,626,000 after buying an additional 144,464 shares during the last quarter. Skopos Labs Inc. bought a new position in NextEra Energy in the 4th quarter valued at $948,000. Eagle Global Advisors LLC raised its position in NextEra Energy by 64.3% in the 4th quarter. Eagle Global Advisors LLC now owns 284,301 shares of the utilities provider’s stock valued at $17,268,000 after purchasing an additional 111,212 shares during the last quarter. FMA Wealth Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $520,000. Finally, Congress Wealth Management LLC DE increased its holdings in NextEra Energy by 1.6% in the fourth quarter. Congress Wealth Management LLC DE now owns 176,898 shares of the utilities provider’s stock valued at $10,745,000 after purchasing an additional 2,850 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Morgan Stanley lifted their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Barclays assumed coverage on 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. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Scotiabank lifted 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $72.64.

NextEra Energy Trading Up 1.7 %

Shares of NYSE:NEE traded up $1.30 during mid-day trading on Friday, reaching $76.62. 7,599,684 shares of the company were exchanged, compared to its average volume of 11,642,629. 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, Inc. has a 1 year low of $47.15 and a 1 year high of $77.41. The firm has a market cap of $157.42 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.80 and a beta of 0.50. The firm’s 50-day simple moving average is $67.17 and its 200 day simple moving average is $61.43.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s payout ratio is 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.