Buckley Wealth Management LLC Has $2.02 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Buckley Wealth Management LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,245 shares of the utilities provider’s stock after selling 1,280 shares during the period. NextEra Energy comprises about 0.7% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Buckley Wealth Management LLC’s holdings in NextEra Energy were worth $2,019,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Country Trust Bank boosted its position in NextEra Energy by 975.6% in the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. Alaska Permanent Fund Corp boosted its position in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in NextEra Energy in the second quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at about $34,000. Finally, West Tower Group LLC acquired a new position in NextEra Energy in the second quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock traded up $2.36 during trading hours on Wednesday, reaching $63.79. 13,403,522 shares of the stock were exchanged, compared to its average volume of 12,060,879. The company has a market cap of $130.92 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The stock has a 50 day moving average of $57.72 and a two-hundred day moving average of $58.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $0.51 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given 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 an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Mizuho reissued a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, March 18th. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.