Fiduciary Alliance LLC Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Fiduciary Alliance LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,669 shares of the utilities provider’s stock after acquiring an additional 9,039 shares during the quarter. NextEra Energy comprises about 0.8% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 29th largest holding. Fiduciary Alliance LLC’s holdings in NextEra Energy were worth $8,077,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NEE. Semmax Financial Advisors Inc. lifted its stake in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter worth about $27,000. Quarry LP bought a new position in shares of NextEra Energy during the third quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the third quarter worth about $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEE shares. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 1.8 %

Shares of NextEra Energy stock traded down $1.22 during trading on Monday, reaching $66.16. The company’s stock had a trading volume of 2,698,220 shares, compared to its average volume of 7,464,431. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market cap of $136.05 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a 50-day simple moving average of $74.23 and a two-hundred day simple moving average of $77.32.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy 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.