Able Wealth Management LLC Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Able Wealth Management LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 807 shares of the utilities provider’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunpointe LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $312,000. Hobbs Group Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $454,000. Sanibel Captiva Trust Company Inc. bought a new position in shares of NextEra Energy in the 4th quarter valued at $14,497,000. Studio Investment Management LLC boosted its holdings in shares of NextEra Energy by 12.9% during the 4th quarter. Studio Investment Management LLC now owns 94,852 shares of the utilities provider’s stock valued at $5,761,000 after acquiring an additional 10,837 shares in the last quarter. Finally, Fullerton Fund Management Co Ltd. bought a new position in NextEra Energy in the fourth quarter valued at about $12,628,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NEE shares. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays dropped their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research report on Wednesday. Finally, Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

NextEra Energy Trading Down 0.2 %

Shares of NEE stock opened at $73.06 on Friday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The business’s fifty day moving average is $71.54 and its 200 day moving average is $63.55. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The company has a market capitalization of $150.10 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.82%. NextEra Energy’s dividend payout ratio is currently 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.