First Pacific Financial Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Pacific Financial increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,885 shares of the utilities provider’s stock after buying an additional 177 shares during the quarter. First Pacific Financial’s holdings in NextEra Energy were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Wimmer Associates 1 LLC raised its position in NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.1% in the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after buying an additional 139 shares in the last quarter. Baldwin Investment Management LLC increased its holdings in NextEra Energy by 0.4% in the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares in the last quarter. Greenfield Savings Bank raised its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in shares of NextEra Energy by 1.7% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $63.79 on Thursday. The stock has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $58.58. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The company has a market capitalization of $130.92 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.18 and a beta of 0.50. 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 (NYSE:NEE) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is currently 57.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. Guggenheim increased their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, Citigroup started coverage on shares of NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.