Obermeyer Wood Investment Counsel Lllp Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Obermeyer Wood Investment Counsel Lllp purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,115 shares of the utilities provider’s stock, valued at approximately $311,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC grew its stake in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares in the last quarter. Mizuho Markets Americas LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $141,817,000. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.2 %

Shares of NYSE NEE traded up $0.11 during midday trading on Friday, reaching $64.12. 1,747,657 shares of the company’s stock were exchanged, compared to its average volume of 11,715,446. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The stock has a market capitalization of $131.60 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The business’s fifty day moving average price is $59.73 and its two-hundred day moving average price is $58.43.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the firm posted $0.51 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Mizuho restated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. BMO Capital Markets cut their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.36.

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.