Concurrent Investment Advisors LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Concurrent Investment Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,455 shares of the utilities provider’s stock after buying an additional 1,429 shares during the period. Concurrent Investment Advisors LLC’s holdings in NextEra Energy were worth $6,556,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NEE. Howard Capital Management Group LLC increased its position in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares in the last quarter. Foundations Investment Advisors LLC increased its position in NextEra Energy by 1.9% during the third quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock worth $619,000 after buying an additional 138 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of NextEra Energy in the third quarter valued at $399,000. Pictet North America Advisors SA grew its position in shares of NextEra Energy by 8.9% in the third quarter. Pictet North America Advisors SA now owns 11,250 shares of the utilities provider’s stock valued at $951,000 after purchasing an additional 923 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of NextEra Energy by 1.9% in the third quarter. Private Advisor Group LLC now owns 228,202 shares of the utilities provider’s stock valued at $19,290,000 after purchasing an additional 4,220 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NEE. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Up 0.8 %

Shares of NEE opened at $69.04 on Thursday. The stock’s 50-day moving average is $70.62 and its two-hundred day moving average is $76.64. The stock has a market cap of $141.98 billion, a PE ratio of 20.49, a P/E/G ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. 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 data on Friday, January 24th. The utilities provider reported $0.53 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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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