Brown Miller Wealth Management LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Brown Miller Wealth Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,929 shares of the utilities provider’s stock after purchasing an additional 919 shares during the period. NextEra Energy accounts for about 1.1% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Brown Miller Wealth Management LLC’s holdings in NextEra Energy were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NEE. Coppell Advisory Solutions LLC bought a new stake in NextEra Energy during the second quarter worth about $32,000. Country Trust Bank lifted its position in NextEra Energy by 975.6% in the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. West Tower Group LLC purchased a new stake in NextEra Energy during the 2nd quarter valued at $36,000. GeoWealth Management LLC boosted its position in shares of NextEra Energy by 124.1% during the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after buying an additional 304 shares during the last quarter. Finally, Alaska Permanent Fund Corp increased its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.2 %

NextEra Energy stock traded up $0.12 during midday trading on Thursday, hitting $63.91. 12,730,007 shares of the stock were exchanged, compared to its average volume of 12,073,567. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $57.83 and its 200 day simple moving average is $58.62. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The stock has a market capitalization of $131.17 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.18 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. BMO Capital Markets raised their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Mizuho reiterated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.46.

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.