First Pacific Financial Buys 177 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Pacific Financial boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 8,885 shares of the utilities provider’s stock after purchasing an additional 177 shares during the period. First Pacific Financial’s holdings in NextEra Energy were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Wimmer Associates 1 LLC raised its stake in NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after buying an additional 139 shares in the last quarter. Baldwin Investment Management LLC lifted its holdings in shares of NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after buying an additional 150 shares in the last quarter. Greenfield Savings Bank lifted its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its holdings in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after buying an additional 169 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 3.8 %

Shares of NYSE NEE opened at $63.79 on Thursday. The business’s fifty day moving average price is $57.72 and its 200-day moving average price is $58.58. The stock has a market capitalization of $130.92 billion, a PE ratio of 17.67, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets lifted their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Citigroup assumed coverage on NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 price target on the stock. Finally, StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $72.46.

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.