Tranquility Partners LLC Has $1.16 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Tranquility Partners LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,118 shares of the utilities provider’s stock after acquiring an additional 6,218 shares during the quarter. Tranquility Partners LLC’s holdings in NextEra Energy were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NEE. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp grew its position in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of NextEra Energy during the 2nd quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.4 %

NEE stock traded up $2.09 during midday trading on Wednesday, hitting $63.79. The stock had a trading volume of 15,597,866 shares, compared to its average volume of 11,874,226. The firm has a market cap of $130.92 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The business has a fifty day moving average price of $59.43 and a two-hundred day moving average price of $58.35.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

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.