WealthTrust Axiom LLC Has $1.84 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

WealthTrust Axiom LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 86.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,359 shares of the utilities provider’s stock after purchasing an additional 14,059 shares during the period. WealthTrust Axiom LLC’s holdings in NextEra Energy were worth $1,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Greenfield Savings Bank raised its position in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of NextEra Energy by 22.7% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 172 shares in the last quarter. MKT Advisors LLC grew its position in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares in the last quarter. Meritage Portfolio Management increased its position in shares of NextEra Energy by 3.9% in the third quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 177 shares during the last quarter. Finally, First Pacific Financial raised its stake in shares of NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 177 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.1 %

NYSE:NEE traded down $0.06 during trading hours on Tuesday, reaching $67.36. The company’s stock had a trading volume of 4,771,541 shares, compared to its average volume of 11,798,729. The firm has a 50-day simple moving average of $61.05 and a 200-day simple moving average of $59.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53. The firm has a market capitalization of $138.39 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.43 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating 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 net margin of 27.62% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One equities 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, NextEra Energy has an average rating of “Moderate Buy” and an average target price 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.