Rakuten Securities Inc. Takes $34,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Rakuten Securities Inc. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 553 shares of the utilities provider’s stock, valued at approximately $34,000.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new position in shares of NextEra Energy in the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $29,000. GeoWealth Management LLC grew its holdings in NextEra Energy by 124.1% in the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 304 shares during the period. Alaska Permanent Fund Corp grew its holdings in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NEE shares. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Wells Fargo & Company boosted their target price on shares of 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 restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets lowered their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Price Performance

Shares of NEE stock opened at $64.00 on Friday. The company has a market capitalization of $131.36 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. The firm has a fifty day simple moving average of $59.73 and a 200-day simple moving average of $58.43. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78.

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

NextEra Energy Increases Dividend

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

NextEra Energy Company 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.