Richard W. Paul & Associates LLC Has $647,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Richard W. Paul & Associates LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,656 shares of the utilities provider’s stock after purchasing an additional 736 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in NextEra Energy were worth $647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC purchased a new position in NextEra Energy during the 2nd quarter valued at about $32,000. Country Trust Bank grew its stake in NextEra Energy by 975.6% during the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. West Tower Group LLC purchased a new position in NextEra Energy during the 2nd quarter valued at about $36,000. GeoWealth Management LLC grew its stake in shares of NextEra Energy by 124.1% in the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after buying an additional 304 shares in the last quarter. Finally, Alaska Permanent Fund Corp grew its stake in shares of NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NEE shares. Guggenheim boosted their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets boosted their price target on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Mizuho reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Citigroup started coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 price target for the company. Finally, StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.46.

Get Our Latest Analysis on NEE

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.15 during trading hours on Wednesday, reaching $62.73. 4,778,078 shares of the company’s stock were exchanged, compared to its average volume of 11,940,127. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The stock has a market capitalization of $128.75 billion, a P/E ratio of 17.42, a P/E/G ratio of 2.25 and a beta of 0.51. The business has a fifty day moving average price of $58.33 and a 200-day moving average price of $58.42. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. NextEra Energy’s payout ratio is 57.06%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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