NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Spire Wealth Management

Spire Wealth Management boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,982 shares of the utilities provider’s stock after purchasing an additional 13,262 shares during the period. Spire Wealth Management’s holdings in NextEra Energy were worth $8,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. raised its position in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter worth $34,000. Alaska Permanent Fund Corp boosted its holdings in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.39 during trading hours on Tuesday, reaching $71.64. The company had a trading volume of 1,092,945 shares, compared to its average volume of 11,787,258. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The firm has a market cap of $147.19 billion, a PE ratio of 19.44, 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 current ratio of 0.51 and a quick ratio of 0.43. The business has a fifty day simple moving average of $62.33 and a 200 day simple moving average of $59.80.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $5.73 billion for 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% on a year-over-year basis. On average, analysts anticipate 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. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.88%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Wells Fargo & Company upped their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Mizuho lifted their target price on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Morgan Stanley lifted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

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.