NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Beck Bode LLC

Beck Bode LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,557 shares of the utilities provider’s stock after purchasing an additional 12,645 shares during the quarter. NextEra Energy comprises about 2.2% of Beck Bode LLC’s portfolio, making the stock its 16th biggest holding. Beck Bode LLC’s holdings in NextEra Energy were worth $9,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. MONECO Advisors LLC raised its position in NextEra Energy by 15.2% in the fourth quarter. MONECO Advisors LLC now owns 11,992 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 1,585 shares in the last quarter. Brighton Jones LLC raised its position in NextEra Energy by 46.0% in the fourth quarter. Brighton Jones LLC now owns 28,222 shares of the utilities provider’s stock worth $1,714,000 after acquiring an additional 8,893 shares in the last quarter. Firestone Capital Management raised its position in NextEra Energy by 8.9% in the fourth quarter. Firestone Capital Management now owns 40,930 shares of the utilities provider’s stock worth $2,486,000 after acquiring an additional 3,353 shares in the last quarter. WealthTrust Axiom LLC raised its position in NextEra Energy by 86.3% in the fourth quarter. WealthTrust Axiom LLC now owns 30,359 shares of the utilities provider’s stock worth $1,844,000 after acquiring an additional 14,059 shares in the last quarter. Finally, Certuity LLC raised its position in NextEra Energy by 52.3% in the fourth quarter. Certuity LLC now owns 10,152 shares of the utilities provider’s stock worth $617,000 after acquiring an additional 3,487 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.6 %

Shares of NYSE NEE traded down $0.44 during trading hours 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 company has a market capitalization of $137.62 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.43 and a beta of 0.51. The firm’s 50-day moving average price is $61.26 and its two-hundred day moving average price is $59.34. 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 0.43 and a current ratio of 0.51.

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 the consensus estimate of $0.80 by $0.11. The business 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 quarter in the previous year, the business posted $0.84 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Scotiabank boosted their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Morgan Stanley boosted their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.