GUNN & Co INVESTMENT MANAGEMENT INC. Buys 560,567 Shares of NextEra Energy, Inc. (NYSE:NEE)

GUNN & Co INVESTMENT MANAGEMENT INC. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1,573.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 596,204 shares of the utilities provider’s stock after acquiring an additional 560,567 shares during the quarter. NextEra Energy accounts for 2.4% of GUNN & Co INVESTMENT MANAGEMENT INC.’s investment portfolio, making the stock its 22nd largest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in NextEra Energy were worth $36,213,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Alaska Permanent Fund Corp increased its stake 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. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $34,000. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $34,000. Finally, HBC Financial Services PLLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Guggenheim upped their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Price Performance

NYSE:NEE opened at $70.14 on Friday. The firm has a market capitalization of $144.10 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.53 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business has a 50 day simple moving average of $62.00 and a 200-day simple moving average of $59.58. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the company earned $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 2.94%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

NextEra Energy Company 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.