Boston Financial Mangement LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Boston Financial Mangement LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,819 shares of the utilities provider’s stock after acquiring an additional 423 shares during the period. Boston Financial Mangement LLC’s holdings in NextEra Energy were worth $6,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in NEE. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $28,000. Quarry LP bought a new position in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy during the 4th quarter valued at approximately $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 0.8 %

Shares of NYSE NEE opened at $69.04 on Thursday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The firm has a 50-day simple moving average of $70.62 and a two-hundred day simple moving average of $76.64. The company has a market cap of $141.98 billion, a P/E ratio of 20.49, a PEG ratio of 2.38 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.28%. NextEra Energy’s dividend payout ratio is presently 61.13%.

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.