NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Somerville Kurt F

Somerville Kurt F boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,802 shares of the utilities provider’s stock after purchasing an additional 730 shares during the quarter. Somerville Kurt F’s holdings in NextEra Energy were worth $5,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Howard Capital Management Group LLC boosted its stake in shares of NextEra Energy by 1.8% in the third 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 last quarter. Resurgent Financial Advisors LLC boosted its position in NextEra Energy by 1.3% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 15,759 shares of the utilities provider’s stock worth $1,332,000 after purchasing an additional 200 shares in the last quarter. Rench Wealth Management Inc. grew its stake in shares of NextEra Energy by 5.3% during the 3rd quarter. Rench Wealth Management Inc. now owns 68,656 shares of the utilities provider’s stock worth $5,804,000 after purchasing an additional 3,434 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of NextEra Energy by 11.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 798,757 shares of the utilities provider’s stock valued at $67,519,000 after purchasing an additional 83,526 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $33,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 2.3 %

NYSE NEE opened at $72.08 on Friday. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The stock has a market capitalization of $148.27 billion, a P/E ratio of 21.39, a PEG ratio of 2.45 and a beta of 0.58. The firm’s 50-day moving average is $70.77 and its two-hundred day moving average is $74.85. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last announced its 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 return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target 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. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank lifted their price target 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. Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.92.

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.