Meritage Portfolio Management Has $317,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Meritage Portfolio Management boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,213 shares of the utilities provider’s stock after buying an additional 512 shares during the quarter. Meritage Portfolio Management’s holdings in NextEra Energy were worth $317,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NEE. Strategic Blueprint LLC raised its stake in NextEra Energy by 11.7% in the third quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock valued at $716,000 after buying an additional 1,308 shares during the period. Hennessy Advisors Inc. raised its holdings in NextEra Energy by 163.5% in the 3rd quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock valued at $720,000 after acquiring an additional 7,800 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 6.9% during the third quarter. Aaron Wealth Advisors LLC now owns 4,418 shares of the utilities provider’s stock worth $253,000 after acquiring an additional 284 shares during the period. Accel Wealth Management grew its position in shares of NextEra Energy by 27.1% in the third quarter. Accel Wealth Management now owns 5,183 shares of the utilities provider’s stock valued at $297,000 after purchasing an additional 1,106 shares during the last quarter. Finally, MCF Advisors LLC increased its stake in shares of NextEra Energy by 3.1% during the third quarter. MCF Advisors LLC now owns 17,671 shares of the utilities provider’s stock worth $1,012,000 after purchasing an additional 534 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. Morgan Stanley boosted their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Wells Fargo & Company boosted 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. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Mizuho boosted their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Performance

NYSE NEE opened at $66.01 on Friday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The stock has a market cap of $135.62 billion, a PE ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. The firm’s fifty day moving average price is $60.85 and its two-hundred day moving average price is $59.06.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. 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 prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. NextEra Energy’s dividend payout ratio is presently 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.