Schechter Investment Advisors LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Schechter Investment Advisors LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,775 shares of the utilities provider’s stock after buying an additional 810 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NextEra Energy were worth $1,080,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NEE. Wimmer Associates 1 LLC increased its stake in shares of NextEra Energy by 3.6% in the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares in the last quarter. Kolinsky Wealth Management LLC raised its stake in shares of NextEra Energy by 2.1% in the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after buying an additional 139 shares during the period. Baldwin Investment Management LLC lifted its position in shares of NextEra Energy by 0.4% during the 1st 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 grew its stake in shares of NextEra Energy by 0.5% during 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 NextEra Energy by 1.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 169 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Mizuho reaffirmed a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Citigroup initiated coverage on NextEra Energy in a report on Friday, December 8th. They issued a “buy” rating and a $69.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.46.

NextEra Energy Stock Up 3.8 %

Shares of NYSE NEE opened at $63.79 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a market capitalization of $130.92 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.22 and a beta of 0.50. The stock has a 50 day moving average price of $57.72 and a 200 day moving average price of $58.58. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current 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 an increase 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 yield of 3.23%. NextEra Energy’s payout ratio is 57.06%.

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.