Lee Financial Co Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Lee Financial Co lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,365 shares of the utilities provider’s stock after purchasing an additional 301 shares during the period. Lee Financial Co’s holdings in NextEra Energy were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Tandem Capital Management Corp ADV raised its stake in shares of NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC raised its position in NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 126 shares during the period. Insight Folios Inc lifted its holdings in NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in shares of NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NEE shares. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

NEE stock opened at $68.06 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-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. The stock has a market cap of $139.97 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The business has a fifty day moving average of $70.97 and a two-hundred day moving average of $76.82.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend payout ratio (DPR) is presently 61.13%.

About NextEra Energy

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.