Brookstone Capital Management Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Brookstone Capital Management grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,448 shares of the utilities provider's stock after purchasing an additional 10,635 shares during the quarter. Brookstone Capital Management's holdings in NextEra Energy were worth $6,269,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fiduciary Alliance LLC boosted its holdings in shares of NextEra Energy by 8.7% in the 4th quarter. Fiduciary Alliance LLC now owns 112,669 shares of the utilities provider's stock valued at $8,077,000 after buying an additional 9,039 shares in the last quarter. Winthrop Advisory Group LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $217,000. Aprio Wealth Management LLC lifted its position in NextEra Energy by 9.5% in the fourth quarter. Aprio Wealth Management LLC now owns 4,204 shares of the utilities provider's stock valued at $301,000 after acquiring an additional 364 shares during the last quarter. Czech National Bank boosted its stake in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after acquiring an additional 27,340 shares in the last quarter. Finally, Lynch & Associates IN grew its holdings in shares of NextEra Energy by 5.1% during the fourth quarter. Lynch & Associates IN now owns 60,392 shares of the utilities provider's stock worth $4,330,000 after purchasing an additional 2,953 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE traded up $1.02 during mid-day trading on Tuesday, hitting $67.98. The company's stock had a trading volume of 10,699,032 shares, compared to its average volume of 9,797,776. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a market capitalization of $139.79 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.66 and a beta of 0.58. The firm has a 50-day simple moving average of $74.00 and a 200 day simple moving average of $77.28.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 3.03%. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.15.

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.