Godshalk Welsh Capital Management Inc. Purchases 1,220 Shares of NextEra Energy, Inc. (NYSE:NEE)

Godshalk Welsh Capital Management Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,150 shares of the utilities provider’s stock after purchasing an additional 1,220 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in NextEra Energy were worth $738,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank bought a new position in NextEra Energy in the 4th quarter worth about $2,561,055,000. Northern Trust Corp increased its stake in NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after acquiring an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in NextEra Energy by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after acquiring an additional 429,979 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after acquiring an additional 449,387 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.7 %

NEE traded up $1.29 on Friday, hitting $76.61. 7,601,101 shares of the company were exchanged, compared to its average volume of 10,669,695. The firm has a fifty day simple moving average of $67.50 and a two-hundred day simple moving average of $61.58. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $77.41. The stock has a market capitalization of $157.40 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last posted 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. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

A number of brokerages have weighed in on NEE. Mizuho upped their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley upped their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. BMO Capital Markets upped their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Wells Fargo & Company upped their target price on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Finally, Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $72.64.

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.