High Note Wealth LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

High Note Wealth LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 23,320 shares of the utilities provider’s stock after acquiring an additional 309 shares during the period. High Note Wealth LLC’s holdings in NextEra Energy were worth $1,416,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Country Trust Bank increased its position in shares of NextEra Energy by 975.6% during the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 400 shares during the period. Alaska Permanent Fund Corp increased its holdings in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in NextEra Energy in the second quarter valued at $32,000. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at $34,000. Finally, West Tower Group LLC purchased a new position in NextEra Energy in the second quarter valued at $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.8 %

Shares of NextEra Energy stock opened at $63.79 on Thursday. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock has a market cap of $130.92 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. The company has a 50-day moving average of $57.72 and a two-hundred day moving average of $58.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.72 billion. During the same period last year, the company posted $0.51 earnings per share. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Wall Street Analyst Weigh In

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