Vision Financial Markets LLC Takes $91,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Vision Financial Markets LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,264 shares of the utilities provider’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. boosted its holdings in shares of NextEra Energy by 0.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 103,632 shares of the utilities provider’s stock valued at $7,429,000 after acquiring an additional 924 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Arizona State Retirement System now owns 595,259 shares of the utilities provider’s stock valued at $42,674,000 after acquiring an additional 6,175 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in NextEra Energy by 2.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 32,321 shares of the utilities provider’s stock worth $2,317,000 after buying an additional 866 shares in the last quarter. Sound Financial Strategies Group LLC boosted its holdings in NextEra Energy by 45.1% during the fourth quarter. Sound Financial Strategies Group LLC now owns 11,469 shares of the utilities provider’s stock worth $822,000 after buying an additional 3,563 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in NextEra Energy during the fourth quarter worth about $1,424,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.51 on Thursday. The firm has a 50 day simple moving average of $70.33 and a 200-day simple moving average of $76.16. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market cap of $145.03 billion, a PE ratio of 20.92, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $55.26 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Analysts Set New Price Targets

A number of analysts recently commented on NEE shares. Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.85.

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.