NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,266 shares of the utilities provider’s stock after buying an additional 1,196 shares during the quarter. Procyon Advisors LLC’s holdings in NextEra Energy were worth $867,000 at the end of the most recent reporting period.

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

NextEra Energy Price Performance

Shares of NEE traded down $0.22 during trading hours on Thursday, reaching $63.57. The company had a trading volume of 1,329,304 shares, compared to its average volume of 11,880,451. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The firm has a 50 day simple moving average of $57.72 and a 200-day simple moving average of $58.58. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The company has a market capitalization of $130.47 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 2.18 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate 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 firm posted $0.51 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.24%. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Citigroup started coverage on shares of NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. Guggenheim upped their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average 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.