Center For Asset Management LLC Purchases 1,630 Shares of NextEra Energy, Inc. (NYSE:NEE)

Center For Asset Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,831 shares of the utilities provider’s stock after purchasing an additional 1,630 shares during the quarter. NextEra Energy comprises about 1.7% of Center For Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Center For Asset Management LLC’s holdings in NextEra Energy were worth $1,812,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the period. Asio Capital LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $2,701,000. Robertson Stephens Wealth Management LLC lifted its position in shares of NextEra Energy by 7.3% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after acquiring an additional 1,211 shares during the period. Cavalry Management Group LLC lifted its position in shares of NextEra Energy by 15.5% during the 2nd quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock valued at $341,000 after acquiring an additional 617 shares during the period. Finally, Jackson Wealth Management LLC raised its holdings in shares of NextEra Energy by 3.9% during the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after buying an additional 3,926 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.12 on Friday, reaching $63.91. The stock had a trading volume of 12,830,842 shares, compared to its average volume of 14,303,506. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a 50 day simple moving average of $58.09 and a 200 day simple moving average of $58.57. The stock has a market cap of $131.17 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.27 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the company earned $0.51 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NEE shares. Guggenheim boosted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. BMO Capital Markets increased their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Mizuho restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

Check Out Our Latest Report on NEE

About NextEra Energy

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.