Strategic Family Wealth Counselors L.L.C. Takes $202,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Strategic Family Wealth Counselors L.L.C. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,822 shares of the utilities provider’s stock, valued at approximately $202,000.

Other large investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NEE shares. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI reduced 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. Scotiabank boosted 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. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Activity 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 transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.7 %

Shares of NextEra Energy stock opened at $69.99 on Friday. The stock’s fifty day moving average is $70.28 and its 200-day moving average is $76.12. The firm has a market capitalization of $143.97 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $55.53 and a 12-month 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 (EPS) 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%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share 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 given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.24%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

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.