MONECO Advisors LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

MONECO Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 15.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,992 shares of the utilities provider’s stock after purchasing an additional 1,585 shares during the quarter. MONECO Advisors LLC’s holdings in NextEra Energy were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Brookstone Capital Management boosted its holdings in NextEra Energy by 155.3% during the 3rd quarter. Brookstone Capital Management now owns 57,688 shares of the utilities provider’s stock valued at $3,022,000 after acquiring an additional 35,088 shares during the period. Vicus Capital boosted its holdings in NextEra Energy by 47.0% during the 3rd quarter. Vicus Capital now owns 7,392 shares of the utilities provider’s stock valued at $423,000 after acquiring an additional 2,365 shares during the period. Pinnacle Associates Ltd. boosted its holdings in NextEra Energy by 1.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 216,328 shares of the utilities provider’s stock valued at $12,393,000 after acquiring an additional 3,207 shares during the period. Clear Creek Financial Management LLC boosted its holdings in NextEra Energy by 46.4% during the 3rd quarter. Clear Creek Financial Management LLC now owns 10,054 shares of the utilities provider’s stock valued at $576,000 after acquiring an additional 3,186 shares during the period. Finally, Sigma Investment Counselors Inc. raised its position in NextEra Energy by 28.5% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,255 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 944 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $66.70 on Wednesday. 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 company has a market capitalization of $137.04 billion, a P/E ratio of 18.25, a PEG ratio of 2.48 and a beta of 0.51. The stock’s 50 day moving average is $61.26 and its 200 day moving average is $59.34. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.09%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Mizuho upped their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley upped their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.