Gitterman Wealth Management LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Gitterman Wealth Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,466 shares of the utilities provider’s stock after buying an additional 701 shares during the quarter. NextEra Energy comprises about 0.4% of Gitterman Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Gitterman Wealth Management LLC’s holdings in NextEra Energy were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NEE. Valeo Financial Advisors LLC grew its stake in shares of NextEra Energy by 35.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 21,690 shares of the utilities provider’s stock worth $1,243,000 after purchasing an additional 5,684 shares during the period. Walter & Keenan Wealth Management LLC IN ADV grew its stake in shares of NextEra Energy by 3.4% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 21,661 shares of the utilities provider’s stock worth $1,241,000 after purchasing an additional 707 shares during the period. Lantz Financial LLC boosted its position in shares of NextEra Energy by 4.9% in the 3rd quarter. Lantz Financial LLC now owns 9,052 shares of the utilities provider’s stock worth $519,000 after buying an additional 425 shares in the last quarter. Modus Advisors LLC boosted its position in shares of NextEra Energy by 9.7% in the 3rd quarter. Modus Advisors LLC now owns 20,477 shares of the utilities provider’s stock worth $1,173,000 after buying an additional 1,806 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in shares of NextEra Energy by 7.7% in the 3rd quarter. Golden State Equity Partners now owns 21,765 shares of the utilities provider’s stock worth $1,247,000 after buying an additional 1,562 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NEE. Mizuho boosted their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Bank of America upped their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Down 1.4 %

Shares of NEE stock traded down $0.91 during trading hours on Friday, hitting $65.99. 9,982,762 shares of the company were exchanged, compared to its average volume of 10,921,297. The firm has a market cap of $135.58 billion, a PE ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a fifty day moving average of $60.85 and a 200 day moving average of $59.11.

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. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. 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 3.12%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 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.