GAMMA Investing LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

GAMMA Investing LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel reports. The fund bought 10,454 shares of the utilities provider’s stock, valued at approximately $613,000.

Other institutional investors have also recently bought and sold shares of the company. Greenfield Savings Bank boosted its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC boosted its stake in shares of NextEra Energy by 22.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 172 shares during the last quarter. MKT Advisors LLC boosted its stake in shares of NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of NextEra Energy by 3.9% in the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 177 shares during the last quarter. Finally, First Pacific Financial boosted its stake in NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after acquiring an additional 177 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley increased their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday. 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 target price on the stock. Guggenheim increased their target price 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. Finally, BMO Capital Markets dropped their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. One research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.21.

NextEra Energy Stock Up 0.6 %

Shares of NEE stock traded up $0.41 on Wednesday, hitting $66.61. The stock had a trading volume of 5,458,282 shares, compared to its average volume of 11,847,049. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.10. The business has a 50 day moving average of $60.26 and a 200 day moving average of $58.83. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a market cap of $136.71 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase 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 3.09%. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

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.