NewEdge Wealth LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

NewEdge Wealth LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 116,408 shares of the utilities provider’s stock after buying an additional 734 shares during the quarter. NewEdge Wealth LLC’s holdings in NextEra Energy were worth $8,345,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. National Pension Service lifted its stake in NextEra Energy by 12.5% in the 4th quarter. National Pension Service now owns 4,457,023 shares of the utilities provider’s stock worth $319,524,000 after purchasing an additional 496,791 shares in the last quarter. Fjell Capital LLC purchased a new stake in NextEra Energy in the 4th quarter worth $954,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth $279,000. Illinois Municipal Retirement Fund lifted its stake in NextEra Energy by 21.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider’s stock worth $2,181,000 after purchasing an additional 5,369 shares in the last quarter. Finally, Vaughan David Investments LLC IL lifted its stake in NextEra Energy by 0.3% in the 4th quarter. Vaughan David Investments LLC IL now owns 690,132 shares of the utilities provider’s stock worth $49,476,000 after purchasing an additional 1,748 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

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

NextEra Energy Price Performance

Shares of NEE stock opened at $69.52 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. The company has a market capitalization of $143.00 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.45 and a beta of 0.58. The company’s 50-day simple moving average is $70.47 and its two-hundred day simple moving average is $76.37. NextEra Energy, Inc. has a one year low of $53.95 and a one year 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 EPS for the current year.

NextEra Energy Increases Dividend

The business 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 $0.5665 dividend. 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 yield of 3.26%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

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.