Pineridge Advisors LLC Invests $53,000 in NextEra Energy, Inc. (NYSE:NEE)

Pineridge Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 869 shares of the utilities provider’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Avitas Wealth Management LLC grew its position in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc increased its holdings in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares during the period. Janney Capital Management LLC lifted its holdings in shares of NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after acquiring an additional 4,047 shares during the period. Asio Capital LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $2,701,000. Finally, AJOVista LLC bought a new position in NextEra Energy during the fourth quarter worth about $162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.2 %

Shares of NextEra Energy stock traded down $0.12 on Friday, hitting $73.06. The company had a trading volume of 6,568,564 shares, compared to its average volume of 10,656,510. The stock has a 50-day moving average of $71.54 and a 200-day moving average of $63.55. 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 $80.47. The firm has a market capitalization of $150.10 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.68 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results 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 return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. Research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEE. Morgan Stanley upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Barclays lowered their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Bank of America boosted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

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.