Brookstone Capital Management Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Brookstone Capital Management lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 87,448 shares of the utilities provider’s stock after acquiring an additional 10,635 shares during the period. Brookstone Capital Management’s holdings in NextEra Energy were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Fiduciary Alliance LLC increased its position in shares of NextEra Energy by 8.7% during the 4th quarter. Fiduciary Alliance LLC now owns 112,669 shares of the utilities provider’s stock valued at $8,077,000 after purchasing an additional 9,039 shares during the last quarter. Winthrop Advisory Group LLC bought a new position in NextEra Energy during the fourth quarter valued at about $217,000. Aprio Wealth Management LLC raised its position in NextEra Energy by 9.5% in the fourth quarter. Aprio Wealth Management LLC now owns 4,204 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 364 shares during the period. Czech National Bank raised its position in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares during the period. Finally, Lynch & Associates IN boosted its stake in NextEra Energy by 5.1% in the fourth quarter. Lynch & Associates IN now owns 60,392 shares of the utilities provider’s stock valued at $4,330,000 after acquiring an additional 2,953 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Eight equities 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, NextEra Energy has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock opened at $66.85 on Tuesday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The business’s fifty day moving average is $74.00 and its 200 day moving average is $77.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $137.47 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.