WealthTrust Axiom LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

WealthTrust Axiom LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 86.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,359 shares of the utilities provider’s stock after buying an additional 14,059 shares during the period. WealthTrust Axiom LLC’s holdings in NextEra Energy were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter valued at about $29,000. Stuart Chaussee & Associates Inc. grew its stake in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter worth approximately $34,000. Alaska Permanent Fund Corp raised its position in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. Scotiabank raised their target price 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. Mizuho upped their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. BMO Capital Markets raised their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.06 during midday trading on Tuesday, hitting $67.36. The company had a trading volume of 4,771,541 shares, compared to its average volume of 11,798,729. The business’s 50-day simple moving average is $61.05 and its 200-day simple moving average is $59.25. The stock has a market cap of $138.39 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. 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 twelve month low of $47.15 and a twelve month high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS 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 for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared 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 a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. NextEra Energy’s dividend payout ratio is 56.13%.

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.