Crux Wealth Advisors Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

Crux Wealth Advisors acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,387 shares of the utilities provider’s stock, valued at approximately $386,000.

Several other large investors also recently added to or reduced their stakes in the business. Burkett Financial Services LLC grew its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $44,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 1.5 %

NEE stock opened at $65.72 on Friday. The stock has a market capitalization of $135.29 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The firm has a 50 day moving average of $69.89 and a 200 day moving average of $73.84.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.