Pinnacle Wealth Management Advisory Group LLC Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Pinnacle Wealth Management Advisory Group LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,479 shares of the utilities provider’s stock after buying an additional 1,934 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in NextEra Energy were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Exchange Traded Concepts LLC boosted its stake in shares of NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 3,914 shares during the period. Creative Planning boosted its holdings in NextEra Energy by 2.4% in the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after acquiring an additional 19,698 shares in the last quarter. Bleakley Financial Group LLC increased its position in NextEra Energy by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 45,194 shares of the utilities provider’s stock valued at $3,820,000 after purchasing an additional 1,453 shares during the period. AlphaMark Advisors LLC raised its holdings in NextEra Energy by 891.7% in the 3rd quarter. AlphaMark Advisors LLC now owns 833 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 749 shares in the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth about $204,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Evercore ISI lowered 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 report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $68.06 on Friday. 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 50 day simple moving average of $70.97 and a two-hundred day simple moving average of $76.82. The company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

About NextEra Energy

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.