AdvisorNet Financial Inc Acquires 298 Shares of NextEra Energy, Inc. (NYSE:NEE)

AdvisorNet Financial Inc increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,525 shares of the utilities provider’s stock after acquiring an additional 298 shares during the quarter. AdvisorNet Financial Inc’s holdings in NextEra Energy were worth $1,125,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wimmer Associates 1 LLC boosted its holdings 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 worth $305,000 after buying an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC lifted its holdings 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 valued at $514,000 after purchasing an additional 139 shares during the last quarter. Baldwin Investment Management LLC increased 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 valued at $2,731,000 after buying an additional 150 shares during the period. Greenfield Savings Bank increased its position in shares of NextEra Energy by 0.5% during 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 during the period. Finally, Barnes Pettey Financial Advisors LLC increased its position in shares of NextEra Energy by 1.7% during the fourth 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.

NextEra Energy Price Performance

Shares of NEE stock opened at $63.91 on Monday. The stock’s 50-day moving average is $58.09 and its 200 day moving average is $58.57. 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, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company has a market cap of $131.17 billion, a P/E ratio of 17.70, a PEG ratio of 2.27 and a beta of 0.51.

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

NextEra Energy Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy’s payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Citigroup initiated coverage on shares of NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. BMO Capital Markets increased their price objective on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Wells Fargo & Company increased their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, Guggenheim increased their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

View Our Latest Stock Report on NextEra Energy

NextEra Energy Company Profile

(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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