NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Investment Partners LTD.

Investment Partners LTD. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 30.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,621 shares of the utilities provider’s stock after acquiring an additional 1,561 shares during the period. Investment Partners LTD.’s holdings in NextEra Energy were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp grew 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 valued at $32,000 after acquiring an additional 208 shares during the period. Stuart Chaussee & Associates Inc. grew its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Barclays assumed 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 target on the stock. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley raised their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Down 1.4 %

Shares of NEE stock traded down $0.91 during trading on Friday, hitting $65.99. 9,982,762 shares of the stock traded hands, compared to its average volume of 10,921,297. The firm has a market capitalization of $135.58 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The firm’s fifty day moving average price is $60.85 and its 200-day moving average price is $59.06. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating 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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. NextEra Energy’s payout ratio is 56.13%.

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.