Intrepid Capital Management Inc. Purchases 704 Shares of NextEra Energy, Inc. (NYSE:NEE)

Intrepid Capital Management Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,135 shares of the utilities provider’s stock after acquiring an additional 704 shares during the quarter. Intrepid Capital Management Inc.’s holdings in NextEra Energy were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC increased its position in 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 worth $25,293,000 after buying an additional 5,409 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in NextEra Energy during the third quarter worth $477,000. Atom Investors LP bought a new position in NextEra Energy during the third quarter worth $538,000. HITE Hedge Asset Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at $25,801,000. Finally, Investment Management Corp of Ontario boosted its holdings in NextEra Energy by 49.2% in the 3rd quarter. Investment Management Corp of Ontario now owns 68,211 shares of the utilities provider’s stock valued at $5,766,000 after purchasing an additional 22,500 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley boosted their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Scotiabank boosted their price objective 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. Finally, BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Up 0.0 %

Shares of NYSE:NEE opened at $70.90 on Wednesday. The company’s fifty day moving average is $70.67 and its 200-day moving average is $74.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The company has a market capitalization of $145.85 billion, a PE ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insider Buying and Selling at NextEra Energy

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 sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

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.