Northcape Wealth Management LLC Has $3.77 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Northcape Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,610 shares of the utilities provider’s stock after selling 287 shares during the quarter. NextEra Energy makes up approximately 1.2% of Northcape Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Northcape Wealth Management LLC’s holdings in NextEra Energy were worth $3,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at $28,000. Quarry LP bought a new position in shares of NextEra Energy in the third quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

Shares of NYSE NEE opened at $68.37 on Wednesday. The stock has a market capitalization of $140.59 billion, a P/E ratio of 20.29, a PEG ratio of 2.42 and a beta of 0.58. The stock’s fifty day moving average is $70.72 and its 200 day moving average is $76.69. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s payout ratio is currently 61.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

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.