NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,460 shares of the utilities provider’s stock after buying an additional 388 shares during the quarter. Catalyst Financial Partners LLC’s holdings in NextEra Energy were worth $575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. Alaska Permanent Fund Corp boosted its stake in 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 last quarter. Stuart Chaussee & Associates Inc. grew its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. bought a new position in shares of NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $1.73 on Thursday, hitting $74.58. The company’s stock had a trading volume of 16,625,805 shares, compared to its average volume of 11,961,621. The company has a market capitalization of $153.22 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The stock’s 50-day moving average is $63.01 and its two-hundred day moving average is $60.03.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This is a boost 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 yield of 2.76%. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley increased their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Guggenheim raised their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. 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 stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

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.