Cliftonlarsonallen Wealth Advisors LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,852 shares of the utilities provider’s stock after purchasing an additional 552 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in NextEra Energy were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its position in NextEra Energy by 5.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,893 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 200 shares in the last quarter. Plato Investment Management Ltd lifted its stake in shares of NextEra Energy by 262.2% in the 2nd quarter. Plato Investment Management Ltd now owns 920 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 666 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in NextEra Energy by 175.0% during the second quarter. Brown Brothers Harriman & Co. now owns 33,110 shares of the utilities provider’s stock worth $2,345,000 after buying an additional 21,071 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in NextEra Energy by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of NextEra Energy by 11.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,371,154 shares of the utilities provider’s stock worth $309,595,000 after acquiring an additional 442,086 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. 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 raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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 note on Friday, November 22nd. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Trading Up 2.7 %

NYSE:NEE traded up $1.85 during trading hours on Wednesday, hitting $69.83. The company had a trading volume of 711,677 shares, compared to its average volume of 8,779,135. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $73.79 and a 200 day moving average of $77.26. The company has a market cap of $143.60 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its 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 net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

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.