VCI Wealth Management LLC Makes New $934,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

VCI Wealth Management LLC acquired a new position 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 acquired 15,370 shares of the utilities provider’s stock, valued at approximately $934,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the 4th quarter worth $29,000. Rakuten Securities Inc. acquired a new position in NextEra Energy during the 4th quarter worth about $34,000. Alaska Permanent Fund Corp lifted its holdings in 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 buying an additional 208 shares during the period. Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth about $34,000. Finally, HBC Financial Services PLLC acquired a new position in NextEra Energy during the 4th quarter worth about $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

NextEra Energy stock traded up $0.34 during midday trading on Thursday, reaching $66.90. The stock had a trading volume of 11,369,761 shares, compared to its average volume of 11,936,405. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The company has a market capitalization of $137.31 billion, a P/E ratio of 18.23, a PEG ratio of 2.38 and a beta of 0.51. The company has a fifty day moving average price of $60.47 and a two-hundred day moving average price of $58.89. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. 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 yield of 3.08%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NEE shares. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley lifted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. Scotiabank lifted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Barclays assumed coverage on 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. One investment 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 presently has an average rating of “Moderate Buy” and an average target price 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.