NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,665,627 shares of the utilities provider’s stock after purchasing an additional 158,783 shares during the quarter. NextEra Energy makes up 3.2% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 8th biggest holding. Reaves W H & Co. Inc. owned about 0.08% of NextEra Energy worth $119,408,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NEE. Howard Capital Management Group LLC raised its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Angeles Wealth Management LLC raised its stake in NextEra Energy by 9.2% during the 3rd quarter. Angeles Wealth Management LLC now owns 3,641 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 308 shares during the last quarter. Forum Financial Management LP raised its stake in NextEra Energy by 3.3% during the 3rd quarter. Forum Financial Management LP now owns 6,792 shares of the utilities provider’s stock valued at $574,000 after acquiring an additional 218 shares during the last quarter. Donaldson Capital Management LLC raised its stake in NextEra Energy by 1.1% during the 3rd quarter. Donaldson Capital Management LLC now owns 685,721 shares of the utilities provider’s stock valued at $57,964,000 after acquiring an additional 7,164 shares during the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $220,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank upped their price objective on 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 increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight 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.com, the stock has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Performance

NEE opened at $71.64 on Tuesday. The stock has a market cap of $147.37 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.45 and a beta of 0.58. 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 stock’s 50 day simple moving average is $70.42 and its 200 day simple moving average is $76.25. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction on 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 approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by insiders.

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.