Good Life Advisors LLC Buys 1,446 Shares of NextEra Energy, Inc. (NYSE:NEE)

Good Life Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,562 shares of the utilities provider’s stock after acquiring an additional 1,446 shares during the quarter. Good Life Advisors LLC’s holdings in NextEra Energy were worth $824,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NEE. Skandinaviska Enskilda Banken AB publ increased its position in NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after purchasing an additional 6,325 shares during the period. Asio Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,701,000. Robertson Stephens Wealth Management LLC boosted its holdings in shares of NextEra Energy by 7.3% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 1,211 shares in the last quarter. Cavalry Management Group LLC boosted its holdings in shares of NextEra Energy by 15.5% during the 2nd quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock worth $341,000 after buying an additional 617 shares in the last quarter. Finally, Jackson Wealth Management LLC boosted its holdings in shares of NextEra Energy by 3.9% during the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after buying an additional 3,926 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets increased their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Mizuho reissued a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Citigroup started coverage on shares of NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 target price for the company. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

NextEra Energy Trading Up 0.2 %

NextEra Energy stock traded up $0.12 during trading hours on Thursday, hitting $63.91. The company had a trading volume of 12,776,474 shares, compared to its average volume of 12,072,018. The firm has a market cap of $131.17 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a 50-day moving average price of $57.83 and a two-hundred day moving average price of $58.62.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is 57.06%.

NextEra Energy Profile

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.