Procyon Advisors LLC Buys 1,196 Shares of NextEra Energy, Inc. (NYSE:NEE)

Procyon Advisors LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,266 shares of the utilities provider’s stock after purchasing an additional 1,196 shares during the period. Procyon Advisors LLC’s holdings in NextEra Energy were worth $867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares in the last quarter. Asio Capital LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $2,701,000. Robertson Stephens Wealth Management LLC boosted its stake in shares of NextEra Energy by 7.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 1,211 shares during the last quarter. Cavalry Management Group LLC boosted its stake in shares of NextEra Energy by 15.5% in the 2nd quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock worth $341,000 after buying an additional 617 shares during the last quarter. Finally, Jackson Wealth Management LLC boosted its stake in shares of NextEra Energy by 3.9% in the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after buying an additional 3,926 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.3 %

NYSE NEE traded down $0.22 during trading hours on Thursday, hitting $63.57. 1,329,304 shares of the company were exchanged, compared to its average volume of 11,880,451. The stock has a 50-day moving average price of $57.72 and a 200 day moving average price of $58.58. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The stock has a market cap of $130.47 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.24%. NextEra Energy’s payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. BMO Capital Markets lifted their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.46.

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.