Legacy Capital Wealth Partners LLC Has $316,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Legacy Capital Wealth Partners LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,208 shares of the utilities provider’s stock after acquiring an additional 545 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in NextEra Energy were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Greenfield Savings Bank lifted its holdings in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC grew its position in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 172 shares in the last quarter. MKT Advisors LLC increased its stake in shares of NextEra Energy by 2.9% during the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 173 shares during the last quarter. Meritage Portfolio Management raised its holdings in shares of NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 177 shares in the last quarter. Finally, First Pacific Financial lifted its stake in shares of NextEra Energy by 2.0% in the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after purchasing an additional 177 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE opened at $65.99 on Monday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a 50 day moving average of $60.85 and a 200-day moving average of $59.15. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $135.58 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.84 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. Bank of America upped their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim boosted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley raised their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Scotiabank boosted their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.50.

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.