BKM Wealth Management LLC Acquires 3,539 Shares of NextEra Energy, Inc. (NYSE:NEE)

BKM Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,872 shares of the utilities provider’s stock after purchasing an additional 3,539 shares during the quarter. BKM Wealth Management LLC’s holdings in NextEra Energy were worth $1,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth about $36,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE opened at $68.06 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $139.97 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a fifty day moving average price of $70.97 and a 200 day moving average price of $76.84.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy’s payout ratio is presently 61.13%.

Analysts Set New Price Targets

Several brokerages have recently commented on NEE. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy 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.