Tandem Capital Management Corp ADV Buys 6,635 Shares of NextEra Energy, Inc. (NYSE:NEE)

Tandem Capital Management Corp ADV grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 188.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,155 shares of the utilities provider’s stock after purchasing an additional 6,635 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in NextEra Energy were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VCI Wealth Management LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at about $934,000. State of New Jersey Common Pension Fund D increased its position in NextEra Energy by 0.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,168,838 shares of the utilities provider’s stock worth $70,995,000 after buying an additional 9,268 shares during the last quarter. Syon Capital LLC increased its position in NextEra Energy by 134.1% during the fourth quarter. Syon Capital LLC now owns 21,700 shares of the utilities provider’s stock worth $1,318,000 after buying an additional 12,432 shares during the last quarter. Meritage Portfolio Management raised its stake in NextEra Energy by 10.9% in the fourth quarter. Meritage Portfolio Management now owns 5,213 shares of the utilities provider’s stock valued at $317,000 after buying an additional 512 shares during the period. Finally, Sycomore Asset Management boosted its stake in shares of NextEra Energy by 6.0% during the 4th quarter. Sycomore Asset Management now owns 38,210 shares of the utilities provider’s stock worth $2,315,000 after acquiring an additional 2,154 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Barclays assumed coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Guggenheim upped their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Finally, Mizuho upped their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Price Performance

NEE traded up $0.34 during trading on Thursday, hitting $66.90. 11,369,761 shares of the stock traded hands, compared to its average volume of 11,936,405. The business has a 50 day moving average price of $60.67 and a 200 day moving average price of $58.94. The company has a market cap of $137.31 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.38 and a beta of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal 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 issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. NextEra Energy’s payout ratio is 56.13%.

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.