Tennessee Valley Asset Management Partners Takes $77,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Tennessee Valley Asset Management Partners purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,261 shares of the utilities provider’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the period. Northern Trust Corp raised its holdings 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 purchasing an additional 455,271 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after purchasing an additional 148,674 shares during the period. California Public Employees Retirement System raised its holdings in NextEra Energy by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after purchasing an additional 209,584 shares during the period. Finally, Nordea Investment Management AB raised its holdings in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Finally, Morgan Stanley increased their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $69.93.

NextEra Energy Trading Up 1.6 %

Shares of NextEra Energy stock opened at $65.31 on Tuesday. The firm has a market cap of $134.04 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. The business has a 50-day moving average price of $60.04 and a 200-day moving average price of $58.72. 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, Inc. has a twelve month low of $47.15 and a twelve month high of $79.25.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.15%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 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.