NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Simmons Bank

Simmons Bank lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,347 shares of the utilities provider’s stock after acquiring an additional 1,642 shares during the quarter. Simmons Bank’s holdings in NextEra Energy were worth $6,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the 4th quarter worth $29,000. Alaska Permanent Fund Corp lifted its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its holdings in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter worth $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE traded up $0.49 during trading on Wednesday, hitting $72.44. 6,425,941 shares of the stock traded hands, compared to its average volume of 11,866,182. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a market cap of $148.83 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business has a 50 day moving average price of $62.65 and a 200 day moving average price of $59.94.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 2.84%. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho boosted their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Guggenheim boosted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.93.

About NextEra Energy

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.