Archer Investment Corp Has $2.49 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Archer Investment Corp raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.7% in the 4th quarter, Holdings Channel reports. The firm owned 41,061 shares of the utilities provider’s stock after purchasing an additional 4,943 shares during the quarter. NextEra Energy accounts for 0.8% of Archer Investment Corp’s investment portfolio, making the stock its 27th largest holding. Archer Investment Corp’s holdings in NextEra Energy were worth $2,494,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Rakuten Securities Inc. bought a new position in NextEra Energy during the 4th quarter worth $34,000. Mirova US LLC raised its position in NextEra Energy by 41.4% during the 4th quarter. Mirova US LLC now owns 3,825,684 shares of the utilities provider’s stock worth $232,372,000 after purchasing an additional 1,120,051 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in NextEra Energy during the 4th quarter worth $247,000. Scissortail Wealth Management LLC bought a new position in NextEra Energy during the 4th quarter worth $474,000. Finally, Tyche Wealth Partners LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $3,402,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEE. BMO Capital Markets lowered their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Stock Up 3.0 %

NEE stock traded up $1.84 during mid-day trading on Wednesday, reaching $63.54. 10,110,907 shares of the company traded hands, compared to its average volume of 11,786,972. The stock has a market cap of $130.41 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.26 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The firm’s 50 day moving average price is $59.43 and its 200 day moving average price is $58.35.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 57.06%.

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.