Stamos Capital Partners L.P. Has $8.03 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stamos Capital Partners L.P. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 89.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 112,020 shares of the utilities provider’s stock after acquiring an additional 52,800 shares during the period. NextEra Energy makes up approximately 1.9% of Stamos Capital Partners L.P.’s portfolio, making the stock its 9th biggest position. Stamos Capital Partners L.P.’s holdings in NextEra Energy were worth $8,031,000 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 company. Bragg Financial Advisors Inc raised its position in shares of NextEra Energy by 15.0% during the fourth quarter. Bragg Financial Advisors Inc now owns 80,489 shares of the utilities provider’s stock worth $5,770,000 after acquiring an additional 10,519 shares during the last quarter. Altman Advisors Inc. increased its holdings in NextEra Energy by 1.7% during the 4th quarter. Altman Advisors Inc. now owns 21,900 shares of the utilities provider’s stock worth $1,570,000 after purchasing an additional 376 shares in the last quarter. Advisors Capital Management LLC raised its holdings in shares of NextEra Energy by 7.7% in the fourth quarter. Advisors Capital Management LLC now owns 342,294 shares of the utilities provider’s stock valued at $24,539,000 after purchasing an additional 24,527 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in NextEra Energy during the fourth quarter worth $2,172,000. Finally, Townsquare Capital LLC raised its position in NextEra Energy by 5.4% in the fourth quarter. Townsquare Capital LLC now owns 49,185 shares of the utilities provider’s stock worth $3,526,000 after acquiring an additional 2,539 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.5 %

NYSE:NEE opened at $65.72 on Friday. The firm has a market capitalization of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58. 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 company has a fifty day moving average of $69.89 and a 200 day moving average of $73.84. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. 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 dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

A number of analysts recently commented on NEE shares. Guggenheim restated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Morgan Stanley raised their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.92.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.