BKM Wealth Management LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

BKM Wealth Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,872 shares of the utilities provider’s stock after acquiring an additional 3,539 shares during the period. BKM Wealth Management LLC’s holdings in NextEra Energy were worth $1,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $68.06 on Tuesday. The stock has a market cap of $139.97 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. The firm’s 50-day simple moving average is $70.97 and its 200 day simple moving average is $76.84. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price 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.