Adell Harriman & Carpenter Inc. Has $4.35 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Adell Harriman & Carpenter Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,726 shares of the utilities provider’s stock after buying an additional 1,318 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in NextEra Energy were worth $4,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at about $27,000. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 0.8 %

Shares of NEE opened at $68.06 on Friday. The firm has a market cap of $139.97 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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 business has a 50-day moving average of $71.12 and a 200 day moving average of $76.86.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS 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. This is a positive change 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 3.33%. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

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.