Tyche Wealth Partners LLC Acquires Shares of 56,010 NextEra Energy, Inc. (NYSE:NEE)

Tyche Wealth Partners LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,010 shares of the utilities provider’s stock, valued at approximately $3,402,000. NextEra Energy accounts for approximately 0.8% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth $29,000. Alaska Permanent Fund Corp boosted its holdings in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the period. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy in the second quarter worth $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $34,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 1.7 %

NYSE:NEE traded down $1.05 during mid-day trading on Tuesday, reaching $61.70. 11,528,624 shares of the company’s stock traded hands, compared to its average volume of 11,821,591. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The firm has a market capitalization of $126.63 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.27 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company has a 50 day moving average price of $59.32 and a 200-day moving average price of $58.32.

NextEra Energy (NYSE:NEE) last announced 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. 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the business earned $0.51 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. NextEra Energy’s dividend payout ratio is 57.06%.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Mizuho restated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $71.36.

About NextEra Energy

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.