Legacy Financial Advisors Inc. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Legacy Financial Advisors Inc. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,331 shares of the utilities provider’s stock after purchasing an additional 1,088 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in NextEra Energy were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NEE. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the third quarter valued at approximately $141,817,000. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 59.1% in the third 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 holdings in shares of NextEra Energy by 7,999.6% in the fourth 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 holdings in shares of NextEra Energy by 1.0% in the third 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 acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Bank of America increased their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Barclays started 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. Finally, Mizuho raised 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. 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. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Performance

Shares of NEE traded up $1.29 during midday trading on Friday, reaching $70.14. 12,687,503 shares of the stock were exchanged, compared to its average volume of 11,442,457. The company has a market capitalization of $144.10 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.53 and a beta of 0.50. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The business’s 50-day moving average price is $62.00 and its 200 day moving average price is $59.58. 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 (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company 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 company earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal 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 dividend of $0.515 per share. This is a positive change 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 2.94%. NextEra Energy’s 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.