624 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Promus Capital LLC

Promus Capital LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, Holdings Channel reports. The firm purchased 624 shares of the utilities provider’s stock, valued at approximately $45,000.

Several other hedge funds have also recently added to or reduced their stakes in NEE. First Business Financial Services Inc. raised its holdings in shares of NextEra Energy by 1.5% during the 4th quarter. First Business Financial Services Inc. now owns 24,674 shares of the utilities provider’s stock valued at $1,769,000 after buying an additional 367 shares in the last quarter. Vision Financial Markets LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $91,000. Cullen Frost Bankers Inc. raised its stake in shares of NextEra Energy by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 103,632 shares of the utilities provider’s stock worth $7,429,000 after acquiring an additional 924 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. Arizona State Retirement System now owns 595,259 shares of the utilities provider’s stock worth $42,674,000 after acquiring an additional 6,175 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of NextEra Energy by 2.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 32,321 shares of the utilities provider’s stock valued at $2,317,000 after purchasing an additional 866 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley increased their price objective on 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. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

Shares of NEE stock opened at $69.99 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $70.28 and a 200 day moving average of $76.12. The firm has a market capitalization of $143.97 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $55.53 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results 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%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company 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 is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.24%. NextEra Energy’s dividend payout ratio is 67.06%.

About NextEra Energy

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.