Wealth Alliance Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Wealth Alliance raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,231 shares of the utilities provider’s stock after acquiring an additional 798 shares during the quarter. Wealth Alliance’s holdings in NextEra Energy were worth $2,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter worth $29,000. GeoWealth Management LLC lifted its position in shares of NextEra Energy by 124.1% during the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares during the last quarter. Alaska Permanent Fund Corp lifted its position in shares of 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 purchasing an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Mizuho restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Price Performance

NEE stock traded down $1.16 during trading on Tuesday, reaching $61.59. 6,909,000 shares of the company were exchanged, compared to its average volume of 11,754,639. The company has a market cap of $126.41 billion, a P/E ratio of 17.14, a PEG ratio of 2.27 and a beta of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The stock’s 50 day moving average price is $59.32 and its 200 day moving average price is $58.32. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.34%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 57.06%.

NextEra Energy 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.