MOKAN Wealth Management Inc. Buys New Position in NextEra Energy, Inc. (NYSE:NEE)

MOKAN Wealth Management Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,748 shares of the utilities provider’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. L.M. Kohn & Company grew its position in NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 145 shares during the last quarter. Lee Financial Co grew its position in NextEra Energy by 7.4% during the fourth quarter. Lee Financial Co now owns 4,365 shares of the utilities provider’s stock valued at $313,000 after acquiring an additional 301 shares during the last quarter. WD Rutherford LLC grew its position in NextEra Energy by 4.3% during the fourth quarter. WD Rutherford LLC now owns 24,720 shares of the utilities provider’s stock valued at $1,772,000 after acquiring an additional 1,015 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $203,000. Finally, Allworth Financial LP grew its position in NextEra Energy by 26.9% during the fourth quarter. Allworth Financial LP now owns 366,328 shares of the utilities provider’s stock valued at $25,090,000 after acquiring an additional 77,642 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

Shares of NEE opened at $68.06 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a 50-day simple moving average of $70.97 and a two-hundred day simple moving average of $76.82. The firm has a market capitalization of $139.97 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is currently 61.13%.

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.