NextEra Energy, Inc. (NYSE:NEE) Holdings Raised by WD Rutherford LLC

WD Rutherford LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,720 shares of the utilities provider’s stock after purchasing an additional 1,015 shares during the quarter. WD Rutherford LLC’s holdings in NextEra Energy were worth $1,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its stake in NextEra Energy by 514.3% in the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 3,914 shares during the period. Creative Planning lifted its holdings in shares of NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after purchasing an additional 19,698 shares during the last quarter. Bleakley Financial Group LLC boosted its position in NextEra Energy by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 45,194 shares of the utilities provider’s stock valued at $3,820,000 after purchasing an additional 1,453 shares during the period. AlphaMark Advisors LLC grew its stake in NextEra Energy by 891.7% during the 3rd quarter. AlphaMark Advisors LLC now owns 833 shares of the utilities provider’s stock worth $70,000 after buying an additional 749 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new stake in NextEra Energy in the third quarter worth $204,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

NYSE:NEE opened at $68.06 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $70.97 and its 200 day moving average price is $76.82. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The firm has a market cap of $139.97 billion, a P/E ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is currently 61.13%.

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.