Ethos Financial Group LLC Acquires 378 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ethos Financial Group LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,052 shares of the utilities provider’s stock after acquiring an additional 378 shares during the period. Ethos Financial Group LLC’s holdings in NextEra Energy were worth $671,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Greenfield Savings Bank lifted its stake in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its stake in shares of NextEra Energy by 22.7% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the last quarter. MKT Advisors LLC lifted its stake in shares of NextEra Energy by 2.9% during the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the last quarter. Meritage Portfolio Management lifted its stake in shares of NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock worth $269,000 after buying an additional 177 shares during the last quarter. Finally, First Pacific Financial lifted its stake in shares of NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after buying an additional 177 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 2.4 %

NYSE:NEE traded up $1.73 during trading hours on Thursday, hitting $74.58. 16,625,805 shares of the company were exchanged, compared to its average volume of 11,961,621. The stock has a market capitalization of $153.22 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The company has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $60.03.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Sell-side analysts expect 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 paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NEE. Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Bank of America increased their target price 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $71.93.

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.