Schechter Investment Advisors LLC Has $1.08 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Schechter Investment Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,775 shares of the utilities provider’s stock after purchasing an additional 810 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NextEra Energy were worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NEE. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC increased its position in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $141,817,000. Nordea Investment Management AB increased its holdings 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 worth $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets boosted their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Mizuho reissued a “buy” rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

NextEra Energy Stock Performance

NYSE:NEE opened at $63.79 on Thursday. The stock has a fifty day moving average price of $57.72 and a 200-day moving average price of $58.58. The company has a market cap of $130.92 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the company posted $0.51 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.44 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 of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is presently 57.06%.

NextEra Energy 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.