Magnus Financial Group LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Magnus Financial Group LLC increased its stake in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,705 shares of the utilities provider’s stock after purchasing an additional 202 shares during the period. Magnus Financial Group LLC’s holdings in NextEra Energy were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in NextEra Energy in the 4th quarter worth approximately $31,000. Horan Securities Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. Ahrens Investment Partners LLC acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $45,000. Ten Capital Wealth Advisors LLC lifted its stake in NextEra Energy by 201.0% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 575 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 384 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $75,000. Institutional investors own 77.89% of the company’s stock.

NYSE NEE traded up $1.29 on Friday, hitting $69.80. The company had a trading volume of 8,010,789 shares, compared to its average volume of 10,928,483. The company has a market capitalization of $137.12 billion, a PE ratio of 94.32, a PEG ratio of 2.83 and a beta of 0.49. The company’s fifty day moving average price is $79.40 and its 200-day moving average price is $82.33. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $93.73.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 2.81 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Monday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s payout ratio is presently 229.73%.

In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. TheStreet cut shares of NextEra Energy from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, March 29th. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. StockNews.com assumed coverage on shares of NextEra Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $89.44.

About NextEra Energy (Get Rating)

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, coal, and natural gas facilities. 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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