Ninepoint Partners LP Buys New Position in NextEra Energy, Inc. (NYSE:NEE)

Ninepoint Partners LP purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,362 shares of the utilities provider's stock, valued at approximately $1,237,000. NextEra Energy comprises approximately 0.1% of Ninepoint Partners LP's portfolio, making the stock its 24th biggest holding.

A number of other hedge funds also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $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 stake in shares of NextEra Energy in the second quarter valued at approximately $32,000. Valued Wealth Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.5 %

NEE stock traded up $0.30 during trading on Friday, hitting $64.31. The company had a trading volume of 13,418,835 shares, compared to its average volume of 11,871,479. 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 one year low of $47.15 and a one year high of $79.78. The business has a 50-day moving average of $59.73 and a 200-day moving average of $58.43. The stock has a market cap of $131.99 billion, a PE ratio of 17.95, a PEG ratio of 2.29 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion during the quarter, compared to analysts' expectations of $5.72 billion. During the same period in the prior year, the company posted $0.51 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy's dividend payout ratio (DPR) is 57.06%.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Guggenheim raised their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Mizuho reiterated 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. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, March 19th. Finally, StockNews.com cut NextEra Energy from a "hold" rating to a "sell" rating in a research note on Monday, February 19th. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.36.

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.