Golden State Equity Partners Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Golden State Equity Partners lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,953 shares of the utilities provider’s stock after purchasing an additional 5,188 shares during the quarter. Golden State Equity Partners’ holdings in NextEra Energy were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of NEE. Mizuho Markets Americas LLC purchased a new position in NextEra Energy in the 3rd quarter worth about $141,817,000. Nordea Investment Management AB increased its position in shares of NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $94,883,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim upped their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Trading Down 1.4 %

NEE stock opened at $65.99 on Friday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The company has a market capitalization of $135.58 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51. The business has a 50 day simple moving average of $60.85 and a two-hundred day simple moving average of $59.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend 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.