Level Four Advisory Services LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 37.0% in the 4th quarter, HoldingsChannel reports. The firm owned 24,721 shares of the utilities provider’s stock after acquiring an additional 6,683 shares during the quarter. Level Four Advisory Services LLC’s holdings in NextEra Energy were worth $2,308,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Financial Advisory Service Inc. grew its stake in shares of NextEra Energy by 61.4% in the 4th quarter. Financial Advisory Service Inc. now owns 8,581 shares of the utilities provider’s stock valued at $801,000 after buying an additional 3,265 shares during the period. PFS Investments Inc. boosted its holdings in NextEra Energy by 1.9% in the fourth quarter. PFS Investments Inc. now owns 107,220 shares of the utilities provider’s stock worth $10,010,000 after acquiring an additional 1,955 shares in the last quarter. United Bank grew its stake in NextEra Energy by 5.6% in the fourth quarter. United Bank now owns 9,075 shares of the utilities provider’s stock valued at $847,000 after acquiring an additional 483 shares during the period. Forbes J M & Co. LLP increased its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. Forbes J M & Co. LLP now owns 315,509 shares of the utilities provider’s stock valued at $29,456,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of NextEra Energy by 23.5% during the fourth quarter. Summit Trail Advisors LLC now owns 4,023 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 766 shares during the period. Hedge funds and other institutional investors own 77.89% of the company’s stock.
A number of analysts have commented on the stock. Mizuho decreased their price target on shares of NextEra Energy from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 25th. Morgan Stanley upped their target price on shares of NextEra Energy from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 20th. KeyCorp lifted their price target on NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Wells Fargo & Company increased their price objective on NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research note on Monday, April 18th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Tuesday, March 29th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Buy” and a consensus price target of $89.44.
NYSE:NEE traded up $0.76 during trading on Friday, reaching $71.22. The company’s stock had a trading volume of 9,732,572 shares, compared to its average volume of 10,546,082. NextEra Energy, Inc. has a 12 month low of $67.22 and a 12 month high of $93.73. The firm has a market cap of $139.91 billion, a price-to-earnings ratio of 96.24, a price-to-earnings-growth ratio of 2.87 and a beta of 0.49. The firm has a 50 day moving average of $78.47 and a 200-day moving average of $81.82. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.42 and a current ratio of 0.49.
NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the firm earned $0.67 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 2.81 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.39%. NextEra Energy’s payout ratio is currently 229.73%.
NextEra Energy Profile (Get Rating)
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, coal, and natural gas facilities. 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.
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