Eagle Global Advisors LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Eagle Global Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 64.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,301 shares of the utilities provider’s stock after buying an additional 111,212 shares during the period. NextEra Energy comprises approximately 1.0% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Eagle Global Advisors LLC’s holdings in NextEra Energy were worth $17,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Avitas Wealth Management LLC increased its stake in NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc boosted its stake in shares of NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares in the last quarter. Janney Capital Management LLC raised its stake in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after purchasing an additional 4,047 shares during the last quarter. Finally, Asio Capital LLC purchased a new position in NextEra Energy in the 4th quarter valued at $2,701,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.30 during trading hours on Friday, reaching $76.62. The stock had a trading volume of 7,599,684 shares, compared to its average volume of 11,642,629. The firm has a market capitalization of $157.42 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.80 and a beta of 0.50. The firm has a 50-day simple moving average of $67.17 and a 200-day simple moving average of $61.43. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $77.41. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 return on equity of 11.72% and a net margin of 27.62%. The company 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 business posted $0.84 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets boosted their price objective on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Mizuho boosted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.64.

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.