NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 379,968 shares of the utilities provider’s stock after acquiring an additional 50,899 shares during the quarter. NextEra Energy makes up about 1.9% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 17th biggest position. Fulton Breakefield Broenniman LLC’s holdings in NextEra Energy were worth $23,079,000 as of its most recent SEC filing.

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

NextEra Energy Stock Down 1.4 %

Shares of NYSE:NEE opened at $65.99 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. The company has a market cap of $135.58 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The firm has a 50 day simple moving average of $60.85 and a 200 day simple moving average of $59.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NEE shares. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. BMO Capital Markets lifted their target price on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Morgan Stanley lifted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

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.