Stonebrook Private Inc. Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

Stonebrook Private Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel reports. The firm acquired 3,537 shares of the utilities provider’s stock, valued at approximately $215,000.

Several other large investors have also bought and sold shares of NEE. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. grew its position in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the period. Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the 4th quarter worth about $34,000. Alaska Permanent Fund Corp lifted 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 valued at $32,000 after acquiring an additional 208 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $67.42 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The firm has a market cap of $138.52 billion, a PE ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. The firm has a fifty day simple moving average of $61.05 and a two-hundred day simple moving average of $59.25.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NEE. Mizuho raised their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Morgan Stanley increased their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. One equities 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, the company has an average rating of “Moderate Buy” and a consensus price target of $71.50.

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.