NextEra Energy, Inc. (NYSE:NEE) Shares Bought by First Pacific Financial

First Pacific Financial raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,885 shares of the utilities provider’s stock after buying an additional 177 shares during the period. First Pacific Financial’s holdings in NextEra Energy were worth $540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Country Trust Bank increased its holdings in NextEra Energy by 975.6% in the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after buying an additional 400 shares in the last quarter. Alaska Permanent Fund Corp increased its stake in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $34,000. Finally, West Tower Group LLC purchased a new stake in shares of NextEra Energy during the second quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $63.79 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a market capitalization of $130.92 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.18 and a beta of 0.50. The company’s 50-day moving average is $57.72 and its two-hundred day moving average is $58.58. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the previous year, the business posted $0.51 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NEE shares. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Finally, Citigroup assumed coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

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.