Significant Wealth Partners LLC Invests $240,000 in NextEra Energy, Inc. (NYSE:NEE)

Significant Wealth Partners LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, Holdings Channel reports. The fund acquired 3,951 shares of the utilities provider’s stock, valued at approximately $240,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at $29,000. Rakuten Securities Inc. acquired a new position in NextEra Energy during the 4th quarter valued at about $34,000. Alaska Permanent Fund Corp grew its position in NextEra Energy by 59.8% in the 3rd 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 last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 1.6 %

Shares of NYSE:NEE opened at $65.31 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The stock has a market capitalization of $134.04 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.25. The company has a 50 day moving average price of $60.04 and a 200 day moving average price of $58.72.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS 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 paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.15%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. Mizuho reissued a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. BMO Capital Markets decreased their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.93.

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.