Arlington Capital Management Inc. Takes $779,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Arlington Capital Management Inc. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,820 shares of the utilities provider’s stock, valued at approximately $779,000.

A number of other hedge funds also recently made changes to their positions in NEE. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the last quarter. Northern Trust Corp increased its stake in shares of NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after buying an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NextEra Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after buying an additional 429,979 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after buying an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE traded up $0.54 on Thursday, reaching $73.39. The company’s stock had a trading volume of 3,106,504 shares, compared to its average volume of 11,806,143. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a market cap of $150.78 billion, a PE ratio of 19.96, a PEG ratio of 2.58 and a beta of 0.50. The firm’s 50 day moving average is $62.65 and its two-hundred day moving average is $59.94.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts predict 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 issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.81%. 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 payout ratio is presently 56.13%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NEE. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Scotiabank boosted their target price 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, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Barclays began coverage on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.93.

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.