Carnegie Capital Asset Management LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Carnegie Capital Asset Management LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 431,699 shares of the utilities provider’s stock after purchasing an additional 32,551 shares during the quarter. NextEra Energy accounts for approximately 0.9% of Carnegie Capital Asset Management LLC’s investment portfolio, making the stock its 25th largest position. Carnegie Capital Asset Management LLC’s holdings in NextEra Energy were worth $26,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings 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 valued at $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank bought a new stake in NextEra Energy in the fourth quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC lifted its position in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares during the last quarter. Northern Trust Corp lifted its position in 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. Finally, Bank of New York Mellon Corp lifted its position in NextEra Energy by 1.6% in the third 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 buying an additional 315,356 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.3 %

Shares of NEE stock traded down $0.86 on Friday, hitting $63.08. The stock had a trading volume of 9,039,494 shares, compared to its average volume of 12,494,934. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $59.19 and a 200 day moving average price of $58.29. The company has a market cap of $129.47 billion, a PE ratio of 17.47, a P/E/G ratio of 2.24 and a beta of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.51 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Barclays began coverage on NextEra Energy in a research report on Wednesday. They issued an “equal weight” rating and a $66.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. BMO Capital Markets raised their price target on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Wells Fargo & Company raised their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $72.00.

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.