Mcdonald Partners LLC Purchases 1,087 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mcdonald Partners LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,797 shares of the utilities provider’s stock after buying an additional 1,087 shares during the quarter. Mcdonald Partners LLC’s holdings in NextEra Energy were worth $2,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after acquiring an additional 820,704 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the period. Nordea Investment Management AB grew its stake in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 5.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Finally, Swiss National Bank lifted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Guggenheim raised their price objective on shares of 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 raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 0.8 %

Shares of NextEra Energy stock opened at $68.06 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $70.84 and a 200 day simple moving average of $76.77. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market capitalization of $139.97 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend 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 currently 61.13%.

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.