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

Schechter Investment Advisors LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,775 shares of the utilities provider’s stock after buying an additional 810 shares during the period. 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. United Bank grew its holdings in NextEra Energy by 9.8% during the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 891 shares in the last quarter. LSV Asset Management grew its holdings in NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares in the last quarter. Covestor Ltd grew its holdings in NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 326 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in NextEra Energy during the 1st quarter worth $793,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NEE shares. Mizuho reaffirmed a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. 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 target for the company. BMO Capital Markets lifted their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, March 18th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $72.46.

NextEra Energy Trading Up 3.8 %

Shares of NYSE:NEE opened at $63.79 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The company has a market cap of $130.92 billion, a PE ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 0.50. The company’s 50-day moving average price is $57.72 and its 200 day moving average price is $58.58. 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 released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm earned $0.51 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

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.