NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,543 shares of the utilities provider’s stock after acquiring an additional 6,173 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in NextEra Energy were worth $7,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Strategic Blueprint LLC increased its stake in NextEra Energy by 11.7% during the third quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock worth $716,000 after acquiring an additional 1,308 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of NextEra Energy by 163.5% in the third quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock valued at $720,000 after buying an additional 7,800 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of NextEra Energy by 6.9% in the third quarter. Aaron Wealth Advisors LLC now owns 4,418 shares of the utilities provider’s stock valued at $253,000 after buying an additional 284 shares in the last quarter. Accel Wealth Management grew its stake in shares of NextEra Energy by 27.1% in the third quarter. Accel Wealth Management now owns 5,183 shares of the utilities provider’s stock valued at $297,000 after buying an additional 1,106 shares in the last quarter. Finally, MCF Advisors LLC grew its stake in shares of NextEra Energy by 3.1% in the third quarter. MCF Advisors LLC now owns 17,671 shares of the utilities provider’s stock valued at $1,012,000 after buying an additional 534 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NEE shares. Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Morgan Stanley increased their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Bank of America raised their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho raised their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.91 during trading hours on Friday, reaching $65.99. 9,982,762 shares of the stock were exchanged, compared to its average volume of 10,921,297. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $60.85 and a 200-day simple moving average of $59.06. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The stock has a market capitalization of $135.58 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 the consensus estimate 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 was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

NextEra Energy Company 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.