Elwood & Goetz Wealth Advisory Group LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Elwood & Goetz Wealth Advisory Group LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,646 shares of the utilities provider’s stock after acquiring an additional 1,183 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in NextEra Energy were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. United Bank grew its stake in shares of NextEra Energy by 9.8% during the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after buying an additional 891 shares during the last quarter. LSV Asset Management grew its stake in shares of NextEra Energy by 9.2% during the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of NextEra Energy by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after buying an additional 1,587 shares during the last quarter. Covestor Ltd grew its stake in shares of NextEra Energy by 59.1% during the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after buying an additional 326 shares during the last quarter. Finally, Ergoteles LLC bought a new position in shares of NextEra Energy during the first quarter valued at about $793,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $63.91 on Friday. The firm has a market capitalization of $131.17 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.27 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a 50 day moving average price of $57.83 and a 200-day moving average price of $58.62. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEE) last announced 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 company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter last year, the firm earned $0.51 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Wells Fargo & Company raised their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Citigroup started coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 target price on the stock. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Guggenheim raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $72.46.

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.