NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the fourth quarter, HoldingsChannel reports. The fund owned 14,906 shares of the utilities provider’s stock after acquiring an additional 724 shares during the quarter. Howard Capital Management Inc.’s holdings in NextEra Energy were worth $1,069,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth about $27,000. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 2.3 %

NYSE NEE opened at $71.74 on Monday. The business’s fifty day simple moving average is $70.53 and its 200-day simple moving average is $76.55. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $147.56 billion, a PE ratio of 21.29, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.