Bleakley Financial Group LLC Acquires 624 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bleakley Financial Group LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 42,417 shares of the utilities provider’s stock after buying an additional 624 shares during the quarter. Bleakley Financial Group LLC’s holdings in NextEra Energy were worth $2,576,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avitas Wealth Management LLC lifted its holdings in shares of NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in 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 valued at $21,995,000 after buying an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new stake in NextEra Energy in the fourth quarter worth $2,701,000. Robertson Stephens Wealth Management LLC increased its holdings in shares of NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Jackson Wealth Management LLC raised its position in shares of NextEra Energy by 3.9% in the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after purchasing an additional 3,926 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NYSE NEE opened at $65.38 on Wednesday. The company has a 50-day moving average price of $58.90 and a 200-day moving average price of $58.29. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $134.19 billion, a P/E ratio of 18.11, a PEG ratio of 2.28 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 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. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Guggenheim upped their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.46.

NextEra Energy Company 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.