Power Wealth Management LLC Makes New $328,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Power Wealth Management LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel reports. The fund purchased 5,404 shares of the utilities provider’s stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter worth about $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NEE shares. Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Morgan Stanley raised their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Guggenheim upped their price target 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, Scotiabank increased their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Trading Up 1.9 %

NEE traded up $1.29 on Friday, reaching $70.14. 12,687,503 shares of the company’s stock were exchanged, compared to its average volume of 11,442,457. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company’s 50 day moving average is $62.00 and its 200-day moving average is $59.58. 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 cap of $144.10 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.4 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. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This is an increase 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 2.94%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.