NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by WD Rutherford LLC

WD Rutherford LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,720 shares of the utilities provider’s stock after purchasing an additional 1,015 shares during the period. WD Rutherford LLC’s holdings in NextEra Energy were worth $1,772,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in NextEra Energy during the third quarter valued at $27,000. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $28,000. Quarry LP purchased a new position in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the 3rd quarter valued at approximately $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.8 %

Shares of NYSE:NEE opened at $68.06 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock’s 50-day moving average is $70.97 and its 200-day moving average is $76.82. The company has a market cap of $139.97 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.33%. NextEra Energy’s dividend payout ratio is presently 61.13%.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.