Golden State Equity Partners Has $1.64 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Golden State Equity Partners lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,953 shares of the utilities provider’s stock after purchasing an additional 5,188 shares during the quarter. Golden State Equity Partners’ holdings in NextEra Energy were worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Blueprint LLC boosted its holdings in NextEra Energy by 11.7% in the 3rd quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock valued at $716,000 after purchasing an additional 1,308 shares during the period. Hennessy Advisors Inc. boosted its holdings in NextEra Energy by 163.5% during the third quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 7,800 shares during the last quarter. Oak Thistle LLC boosted its stake in NextEra Energy by 322.1% in the third quarter. Oak Thistle LLC now owns 18,264 shares of the utilities provider’s stock valued at $1,046,000 after acquiring an additional 13,937 shares during the last quarter. Stewart & Patten Co. LLC raised its position in shares of NextEra Energy by 4.6% in the third quarter. Stewart & Patten Co. LLC now owns 214,547 shares of the utilities provider’s stock valued at $12,291,000 after purchasing an additional 9,519 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in NextEra Energy by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 959,216 shares of the utilities provider’s stock worth $54,953,000 after acquiring an additional 2,862 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $65.99 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The stock has a 50 day moving average of $60.85 and a two-hundred day moving average of $59.11. The stock has a market cap of $135.58 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.43 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change 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 yield of 3.12%. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. BMO Capital Markets upped their price objective on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Morgan Stanley raised their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $71.50.

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.