Catalyst Financial Partners LLC Has $575,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Catalyst Financial Partners LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,460 shares of the utilities provider’s stock after acquiring an additional 388 shares during the quarter. Catalyst Financial Partners LLC’s holdings in NextEra Energy were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the last quarter. Northern Trust Corp increased its position in NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after buying an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of NextEra Energy by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock valued at $517,126,000 after buying an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 2.4 %

NEE stock traded up $1.73 during trading on Thursday, hitting $74.58. 16,625,805 shares of the company traded hands, compared to its average volume of 11,961,621. The firm has a market capitalization of $153.22 billion, a PE ratio of 20.32, a P/E/G ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The company has a 50-day moving average of $63.01 and a 200-day moving average of $60.03.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during 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 firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. 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 paid a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. BMO Capital Markets increased their target price on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday. Guggenheim upped their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.93.

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.