ICW Investment Advisors LLC Has $1.19 Million Position in NextEra Energy, Inc. (NYSE:NEE)

ICW Investment Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,547 shares of the utilities provider’s stock after acquiring an additional 649 shares during the quarter. ICW Investment Advisors LLC’s holdings in NextEra Energy were worth $1,187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $141,817,000. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after buying an additional 2,148,205 shares during the period. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after buying an additional 2,146,625 shares during the period. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.8 %

NYSE:NEE traded up $1.21 during trading hours on Wednesday, hitting $68.18. 4,496,015 shares of the company traded hands, compared to its average volume of 11,770,798. The company has a market cap of $140.08 billion, a PE ratio of 18.25, a PEG ratio of 2.48 and a beta of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm’s 50-day simple moving average is $61.26 and its 200-day simple moving average is $59.34.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion for 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 business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 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. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Barclays initiated coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. Mizuho increased their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy 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.