NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 188.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,155 shares of the utilities provider’s stock after purchasing an additional 6,635 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in NextEra Energy were worth $617,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NEE. Avitas Wealth Management LLC boosted its stake in NextEra Energy by 2.9% during the 4th 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 in the last quarter. Stiles Financial Services Inc raised its position in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $2,701,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of NextEra Energy by 7.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.5 %

Shares of NextEra Energy stock traded up $0.34 during trading on Thursday, hitting $66.90. 11,369,761 shares of the stock traded hands, compared to its average volume of 11,936,405. The company has a fifty day moving average price of $60.67 and a two-hundred day moving average price of $58.94. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The stock has a market cap 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 debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, Barclays started coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.