TigerOak Management L.L.C. Invests $851,000 in NextEra Energy, Inc. (NYSE:NEE)

TigerOak Management L.L.C. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,866 shares of the utilities provider’s stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Tandem Capital Management Corp ADV grew its stake in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its stake in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after acquiring an additional 126 shares during the last quarter. Insight Folios Inc grew its stake in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC grew its stake in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after acquiring an additional 130 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock opened at $68.06 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm’s 50-day simple moving average is $70.97 and its 200-day simple moving average is $76.82. 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 $139.97 billion, a P/E ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley increased 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. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy 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.