Hexagon Capital Partners LLC Buys 1,683 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hexagon Capital Partners LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,179 shares of the utilities provider’s stock after acquiring an additional 1,683 shares during the quarter. Hexagon Capital Partners LLC’s holdings in NextEra Energy were worth $983,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NEE. Greenfield Savings Bank lifted its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in shares of NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 172 shares in the last quarter. MKT Advisors LLC lifted its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares in the last quarter. Meritage Portfolio Management lifted its holdings in shares of NextEra Energy by 3.9% in the third 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 holdings in shares of NextEra Energy by 2.0% in the fourth 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 in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Guggenheim lifted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Finally, Bank of America lifted their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Performance

Shares of NEE traded down $0.44 during mid-day trading on Tuesday, hitting $66.99. The stock had a trading volume of 10,042,329 shares, compared to its average volume of 11,865,637. The firm has a market cap of $137.62 billion, a P/E ratio of 18.25, a PEG ratio of 2.43 and a beta of 0.51. 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 current ratio of 0.51 and a quick ratio of 0.43. The business has a fifty day moving average price of $61.26 and a 200-day moving average price of $59.34.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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. The company 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 firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date 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 dividend yield of 3.08%. NextEra Energy’s payout ratio is 56.13%.

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.