Stockman Wealth Management Inc. Has $239,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stockman Wealth Management Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,932 shares of the utilities provider’s stock after purchasing an additional 334 shares during the period. Stockman Wealth Management Inc.’s holdings in NextEra Energy were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mizuho Markets Americas LLC bought a new stake in NextEra Energy during the third quarter valued at $141,817,000. Nordea Investment Management AB boosted its position in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC boosted its position in NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of NextEra Energy during the 4th quarter worth about $94,883,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NEE shares. BMO Capital Markets cut their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America upped their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.93.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.17 during trading hours on Tuesday, hitting $66.48. 8,686,363 shares of the company were exchanged, compared to its average volume of 11,860,486. The firm has a fifty day simple moving average of $60.04 and a 200 day simple moving average of $58.72. 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 52-week low of $47.15 and a 52-week high of $79.25. The stock has a market capitalization of $136.45 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.31 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $0.84 EPS. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm 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. 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. This represents a $2.06 annualized dividend and a yield of 3.10%. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

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.