Howard Capital Management Group LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Howard Capital Management Group LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,440 shares of the utilities provider’s stock after purchasing an additional 3,459 shares during the quarter. NextEra Energy comprises approximately 1.4% of Howard Capital Management Group LLC’s investment portfolio, making the stock its 28th biggest position. Howard Capital Management Group LLC’s holdings in NextEra Energy were worth $16,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Wimmer Associates 1 LLC raised its stake in shares of NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC lifted its stake in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares in the last quarter. Baldwin Investment Management LLC boosted its position in shares of NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after buying an additional 150 shares during the period. Greenfield Savings Bank grew its stake in shares of NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC raised its holdings in shares of NextEra Energy by 1.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after buying an additional 169 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $62.62 on Tuesday. The company has a fifty day moving average of $57.67 and a two-hundred day moving average of $58.65. The company has a market capitalization of $128.52 billion, a PE ratio of 17.35, a P/E/G ratio of 2.19 and a beta of 0.50. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the business posted $0.51 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.29%. NextEra Energy’s dividend payout ratio is 57.06%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NEE shares. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Guggenheim raised their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Mizuho restated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.46.

Check Out Our Latest Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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