Opinicus Capital Inc. Buys Shares of 5,842 NextEra Energy, Inc. (NYSE:NEE)

Opinicus Capital Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, HoldingsChannel reports. The fund bought 5,842 shares of the utilities provider’s stock, valued at approximately $355,000.

Several other institutional investors also recently bought and sold shares of NEE. Mizuho Markets Americas LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $141,817,000. Nordea Investment Management AB boosted its stake in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC boosted its stake in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $94,883,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective 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. Morgan Stanley lifted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Bank of America lifted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Performance

NEE traded down $0.91 on Friday, reaching $65.99. The stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $60.85 and its two-hundred day moving average price is $59.06. The company has a market cap 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.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

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

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.