Schechter Investment Advisors LLC Purchases 810 Shares of NextEra Energy, Inc. (NYSE:NEE)

Schechter Investment Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,775 shares of the utilities provider’s stock after acquiring an additional 810 shares during the period. Schechter Investment Advisors LLC’s holdings in NextEra Energy were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. AHL Investment Management Inc. increased its position in NextEra Energy by 3.9% during the 4th quarter. AHL Investment Management Inc. now owns 10,270 shares of the utilities provider’s stock valued at $624,000 after buying an additional 390 shares in the last quarter. Assenagon Asset Management S.A. increased its position in NextEra Energy by 63.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 880,663 shares of the utilities provider’s stock valued at $53,491,000 after buying an additional 341,607 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new position in NextEra Energy during the 4th quarter valued at approximately $6,491,000. Bill Few Associates Inc. increased its position in NextEra Energy by 41.5% during the 4th quarter. Bill Few Associates Inc. now owns 5,345 shares of the utilities provider’s stock valued at $325,000 after buying an additional 1,568 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in NextEra Energy by 24.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 99,157 shares of the utilities provider’s stock valued at $6,023,000 after buying an additional 19,656 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 3.8 %

NEE opened at $63.79 on Thursday. The firm’s 50 day simple moving average is $57.72 and its two-hundred day simple moving average is $58.58. The company has a market capitalization of $130.92 billion, a PE ratio of 17.67, a PEG ratio of 2.22 and a beta of 0.50. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. 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 (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.23%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 57.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Citigroup began coverage on NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. BMO Capital Markets increased their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.46.

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.