Paradigm Financial Partners LLC Acquires 15,520 Shares of NextEra Energy, Inc. (NYSE:NEE)

Paradigm Financial Partners LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,457 shares of the utilities provider’s stock after acquiring an additional 15,520 shares during the period. NextEra Energy makes up 0.9% of Paradigm Financial Partners LLC’s holdings, making the stock its 29th biggest holding. Paradigm Financial Partners LLC’s holdings in NextEra Energy were worth $3,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Northern Trust Corp increased its position in shares of NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after acquiring an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after purchasing an additional 148,674 shares during the last quarter. California Public Employees Retirement System boosted its holdings in NextEra Energy by 2.4% during the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after purchasing an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.91 during trading on Friday, reaching $65.99. 9,982,762 shares of the company’s stock traded hands, compared to its average volume of 10,921,297. The company has a market capitalization of $135.58 billion, a P/E ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average is $60.85 and its 200 day moving average is $59.11. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating 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 company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $0.84 EPS. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NEE shares. Mizuho boosted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Guggenheim boosted their price target 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 boosted their price target 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. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.