NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA raised its position in NextEra Energy, Inc. (NYSE:NEE) by 49.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 67,725 shares of the utilities provider’s stock after acquiring an additional 22,345 shares during the quarter. GLOBALT Investments LLC GA’s holdings in NextEra Energy were worth $4,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NEE. Howard Capital Management Group LLC increased 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 valued at $25,293,000 after purchasing an additional 5,409 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $406,000. KBC Group NV increased its stake in shares of NextEra Energy by 8.8% in the third quarter. KBC Group NV now owns 160,802 shares of the utilities provider’s stock valued at $13,593,000 after purchasing an additional 13,045 shares during the period. Impax Asset Management Group plc acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $1,624,000. Finally, Empowered Funds LLC increased its stake in shares of NextEra Energy by 8.1% in the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after purchasing an additional 2,974 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.2 %

NextEra Energy stock opened at $73.59 on Monday. The company has a 50 day moving average price of $70.51 and a 200 day moving average price of $75.82. NextEra Energy, Inc. has a 52 week low of $59.44 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $151.37 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. Research analysts forecast 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. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank raised 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. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price 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.