NBW Capital LLC Invests $247,000 in NextEra Energy, Inc. (NYSE:NEE)

NBW Capital LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,071 shares of the utilities provider’s stock, valued at approximately $247,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC lifted its position in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the last quarter. Northern Trust Corp lifted its position in shares of NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of NextEra Energy by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock worth $1,538,947,000 after purchasing an additional 315,356 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several research analyst reports. Guggenheim boosted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company upped their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Mizuho reaffirmed a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.38 during trading hours on Thursday, hitting $64.17. The company had a trading volume of 5,653,003 shares, compared to its average volume of 11,788,842. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The firm has a market capitalization of $131.70 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.22 and a beta of 0.51. The firm’s fifty day moving average is $59.58 and its 200 day moving average is $58.39. 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 (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the prior year, the company earned $0.51 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS 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 given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. 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.