United Asset Strategies Inc. Acquires 944 Shares of NextEra Energy, Inc. (NYSE:NEE)

United Asset Strategies Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,838 shares of the utilities provider’s stock after purchasing an additional 944 shares during the quarter. United Asset Strategies Inc.’s holdings in NextEra Energy were worth $1,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the fourth quarter valued at $29,000. Alaska Permanent Fund Corp lifted its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Coppell Advisory Solutions LLC acquired a new position in NextEra Energy in the second quarter valued at approximately $32,000. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.7 %

NYSE:NEE opened at $61.70 on Wednesday. The stock’s 50 day moving average price is $59.43 and its 200 day moving average price is $58.35. The company has a market capitalization of $126.63 billion, a PE ratio of 17.09, a P/E/G ratio of 2.26 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the business posted $0.51 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.34%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Mizuho restated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

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.