NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Searle & CO.

Searle & CO. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,824 shares of the utilities provider’s stock after buying an additional 1,176 shares during the period. Searle & CO.’s holdings in NextEra Energy were worth $900,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp increased its stake in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares during the period. Stuart Chaussee & Associates Inc. lifted its position in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NEE shares. Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Guggenheim boosted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $1.64 during midday trading on Wednesday, hitting $68.61. The company had a trading volume of 13,388,059 shares, compared to its average volume of 11,883,787. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The business’s 50 day simple moving average is $61.26 and its two-hundred day simple moving average is $59.34. The stock has a market cap of $140.96 billion, a PE ratio of 18.25, a P/E/G ratio of 2.48 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. 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 the consensus estimate of $6.28 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. 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 3.00%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.