NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Blue Chip Partners LLC

Blue Chip Partners LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,474 shares of the utilities provider’s stock after purchasing an additional 1,581 shares during the quarter. Blue Chip Partners LLC’s holdings in NextEra Energy were worth $11,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in NextEra Energy by 514.3% during the 3rd 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 lifted its stake in NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after acquiring an additional 19,698 shares in the last quarter. AlphaMark Advisors LLC boosted its position in NextEra Energy by 891.7% during the 3rd quarter. AlphaMark Advisors LLC now owns 833 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 749 shares during the period. Howard Capital Management Group LLC grew its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 3.9% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,161 shares of the utilities provider’s stock valued at $1,535,000 after purchasing an additional 678 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.8 %

Shares of NEE stock opened at $68.06 on Monday. The stock has a fifty day moving average price of $70.97 and a 200 day moving average price of $76.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock 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 one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 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%. 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. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.33%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

Analyst Ratings Changes

Several analysts recently commented on NEE shares. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.