Adell Harriman & Carpenter Inc. Purchases 1,318 Shares of NextEra Energy, Inc. (NYSE:NEE)

Adell Harriman & Carpenter Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 60,726 shares of the utilities provider’s stock after buying an additional 1,318 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in NextEra Energy were worth $4,353,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its stake in NextEra Energy by 1.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 28,241 shares of the utilities provider’s stock worth $2,025,000 after acquiring an additional 508 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of NextEra Energy by 1.5% during the fourth quarter. Blue Trust Inc. now owns 37,433 shares of the utilities provider’s stock worth $2,684,000 after purchasing an additional 559 shares in the last quarter. Campbell Wealth Management increased its position in shares of NextEra Energy by 22.0% in the fourth quarter. Campbell Wealth Management now owns 13,775 shares of the utilities provider’s stock worth $988,000 after purchasing an additional 2,486 shares during the last quarter. Asset Planning Inc purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $560,000. Finally, W.H. Cornerstone Investments Inc. lifted its position in NextEra Energy by 84.6% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 8,956 shares of the utilities provider’s stock valued at $642,000 after purchasing an additional 4,105 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $68.06 on Friday. The company’s fifty day simple moving average is $71.12 and its two-hundred day simple moving average is $76.86. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market cap of $139.97 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.85.

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.