Hazlett Burt & Watson Inc. Buys 259 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hazlett Burt & Watson Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,000 shares of the utilities provider’s stock after acquiring an additional 259 shares during the period. Hazlett Burt & Watson Inc.’s holdings in NextEra Energy were worth $338,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of NextEra Energy by 2.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 32,907 shares of the utilities provider’s stock worth $2,103,000 after purchasing an additional 784 shares during the period. Proficio Capital Partners LLC lifted its holdings in NextEra Energy by 11.9% during the first quarter. Proficio Capital Partners LLC now owns 11,930 shares of the utilities provider’s stock worth $762,000 after buying an additional 1,265 shares during the period. CapWealth Advisors LLC purchased a new stake in NextEra Energy during the first quarter worth $949,000. United Community Bank boosted its position in NextEra Energy by 5.7% during the 1st quarter. United Community Bank now owns 16,283 shares of the utilities provider’s stock valued at $1,041,000 after acquiring an additional 878 shares in the last quarter. Finally, Boomfish Wealth Group LLC increased its holdings in shares of NextEra Energy by 3.8% in the 1st quarter. Boomfish Wealth Group LLC now owns 20,839 shares of the utilities provider’s stock valued at $1,332,000 after acquiring an additional 759 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.31 during midday trading on Monday, reaching $77.66. The company’s stock had a trading volume of 4,762,146 shares, compared to its average volume of 10,767,817. 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 stock has a fifty day moving average of $82.39 and a 200 day moving average of $76.87. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The firm has a market capitalization of $159.70 billion, a PE ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the business posted $0.94 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.65%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Scotiabank upped their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $86.54.

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.