Ritter Daniher Financial Advisory LLC DE Has $911,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,713 shares of the utilities provider’s stock after buying an additional 250 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in NextEra Energy were worth $911,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Howard Capital Management Group LLC increased its stake in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Quarry LP acquired a new position in NextEra Energy during the third quarter worth approximately $33,000. Kovitz Investment Group Partners LLC lifted its position in shares of NextEra Energy by 60.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 264,056 shares of the utilities provider’s stock valued at $22,321,000 after buying an additional 99,174 shares during the last quarter. Glen Eagle Advisors LLC boosted its stake in shares of NextEra Energy by 0.8% during the 3rd quarter. Glen Eagle Advisors LLC now owns 72,439 shares of the utilities provider’s stock worth $6,123,000 after acquiring an additional 540 shares during the period. Finally, Brookfield Corp ON increased its holdings in shares of NextEra Energy by 3.5% during the 3rd quarter. Brookfield Corp ON now owns 2,089,727 shares of the utilities provider’s stock worth $176,645,000 after acquiring an additional 71,440 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $66.97 on Friday. The business has a fifty day simple moving average of $70.65 and a 200 day simple moving average of $74.65. The company has a market cap of $137.75 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley raised their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.92.

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.