NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,823,327 shares of the utilities provider’s stock after acquiring an additional 41,328 shares during the quarter. Empower Advisory Group LLC owned approximately 0.09% of NextEra Energy worth $130,714,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Blue Chip Partners LLC increased its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Blue Chip Partners LLC now owns 157,474 shares of the utilities provider’s stock valued at $11,289,000 after purchasing an additional 1,581 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. CIBC Asset Management Inc now owns 422,636 shares of the utilities provider’s stock valued at $30,299,000 after purchasing an additional 2,034 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of NextEra Energy by 556.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 102,352 shares of the utilities provider’s stock valued at $7,338,000 after purchasing an additional 86,750 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of NextEra Energy by 150.0% in the fourth quarter. Catalyst Capital Advisors LLC now owns 4,875 shares of the utilities provider’s stock valued at $349,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Americana Partners LLC increased its stake in NextEra Energy by 7.7% during the fourth quarter. Americana Partners LLC now owns 38,299 shares of the utilities provider’s stock worth $2,746,000 after acquiring an additional 2,732 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.8 %

NextEra Energy stock opened at $68.06 on Monday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $139.97 billion, a PE ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. The stock’s fifty day moving average is $70.97 and its two-hundred day moving average is $76.84.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.33%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 61.13%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.85.

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.