NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Aspen Investment Management Inc

Aspen Investment Management Inc boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,106 shares of the utilities provider’s stock after buying an additional 151 shares during the period. Aspen Investment Management Inc’s holdings in NextEra Energy were worth $1,083,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ING Groep NV raised its stake in NextEra Energy by 351.6% in the 4th quarter. ING Groep NV now owns 587,646 shares of the utilities provider’s stock valued at $42,128,000 after purchasing an additional 457,523 shares during the last quarter. O Brien Greene & Co. Inc grew its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. O Brien Greene & Co. Inc now owns 91,910 shares of the utilities provider’s stock worth $6,589,000 after buying an additional 363 shares in the last quarter. Boston Financial Mangement LLC grew its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. Boston Financial Mangement LLC now owns 95,819 shares of the utilities provider’s stock worth $6,869,000 after buying an additional 423 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of NextEra Energy by 1.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 91,455 shares of the utilities provider’s stock valued at $6,556,000 after buying an additional 1,429 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its stake in shares of NextEra Energy by 13.8% in the fourth quarter. Meitav Investment House Ltd. now owns 837,698 shares of the utilities provider’s stock worth $60,028,000 after buying an additional 101,698 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company’s stock, 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 can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 1.5 %

Shares of NEE opened at $70.12 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $144.23 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. The company’s 50-day moving average price is $70.56 and its 200 day moving average price is $76.59. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 3.23%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 61.13%.

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.