NextEra Energy, Inc. (NYSE:NEE) Position Lifted by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,202 shares of the utilities provider’s stock after acquiring an additional 4,069 shares during the quarter. Motley Fool Asset Management LLC’s holdings in NextEra Energy were worth $3,414,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $29,000. Alaska Permanent Fund Corp raised its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $36,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.34 during trading hours on Thursday, hitting $66.90. 11,369,761 shares of the company’s stock traded hands, compared to its average volume of 11,936,405. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. The company’s fifty day simple moving average is $60.67 and its two-hundred day simple moving average is $58.94. The company has a market cap of $137.31 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Guggenheim increased 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. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. Scotiabank increased their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

About NextEra Energy

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.