NextEra Energy, Inc. (NYSE:NEE) Stock Position Increased by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 43,109 shares of the utilities provider’s stock after acquiring an additional 1,452 shares during the quarter. FAS Wealth Partners Inc.’s holdings in NextEra Energy were worth $3,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Accel Wealth Management grew its holdings in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after acquiring an additional 145 shares in the last quarter. L.M. Kohn & Company increased its position in shares of NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after purchasing an additional 145 shares during the last quarter. 1ST Source Bank boosted its holdings in shares of NextEra Energy by 0.4% in the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 147 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after buying an additional 149 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its stake in NextEra Energy by 1.3% in the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider’s stock valued at $836,000 after acquiring an additional 150 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NEE opened at $66.84 on Thursday. The firm has a market capitalization of $137.60 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business’s 50-day moving average is $69.19 and its two-hundred day moving average is $72.43.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the business earned $0.91 EPS. NextEra Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.39%. NextEra Energy’s dividend payout ratio is 84.64%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.46.

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.