Bradyco Inc. Takes $1.03 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Bradyco Inc. bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,427 shares of the utilities provider’s stock, valued at approximately $1,034,000. NextEra Energy comprises approximately 0.7% of Bradyco Inc.’s portfolio, making the stock its 28th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. United Advisor Group LLC acquired a new position in NextEra Energy during the third quarter valued at $235,000. Avidian Wealth Enterprises LLC boosted its holdings in NextEra Energy by 66.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 12,684 shares of the utilities provider’s stock valued at $1,072,000 after purchasing an additional 5,050 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in NextEra Energy by 20.3% in the third quarter. Radnor Capital Management LLC now owns 15,983 shares of the utilities provider’s stock valued at $1,351,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new stake in NextEra Energy during the 3rd quarter worth about $1,237,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NEE shares. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value 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 trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $69.99 on Friday. NextEra Energy, Inc. has a one year low of $55.53 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $143.97 billion, a PE ratio of 20.77, a P/E/G ratio of 2.45 and a beta of 0.58. The stock has a 50 day moving average price of $70.28 and a 200 day moving average price of $76.12.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

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.