Folger Nolan Fleming Douglas Capital Management Inc. Acquires 6,173 Shares of NextEra Energy, Inc. (NYSE:NEE)

Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,543 shares of the utilities provider’s stock after purchasing an additional 6,173 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in NextEra Energy were worth $7,200,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the 4th quarter valued at approximately $29,000. Alaska Permanent Fund Corp raised its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets increased their target price on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Morgan Stanley increased their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Price Performance

NYSE NEE traded down $0.91 during trading hours on Friday, reaching $65.99. 9,982,762 shares of the company’s stock were exchanged, compared to its average volume of 10,921,297. The stock has a market cap of $135.58 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The firm has a fifty day moving average of $60.85 and a 200-day moving average of $59.06. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. NextEra Energy’s dividend 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.