Pointe Capital Management LLC Acquires 1,062 Shares of NextEra Energy, Inc. (NYSE:NEE)

Pointe Capital Management LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,509 shares of the utilities provider’s stock after acquiring an additional 1,062 shares during the quarter. Pointe Capital Management LLC’s holdings in NextEra Energy were worth $395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy in the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. raised its position in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at $34,000. Alaska Permanent Fund Corp boosted its holdings in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.9 %

NEE traded up $1.29 during trading on Friday, reaching $70.14. The company had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The company has a market cap of $144.10 billion, a P/E ratio of 19.11, a PEG ratio of 2.53 and a beta of 0.50. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month 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’s fifty day moving average price is $62.00 and its 200 day moving average price is $59.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Equities analysts anticipate 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. Investors of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Wells Fargo & Company lifted their target price 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. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. One equities 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.50.

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.