HBK Sorce Advisory LLC Has $2.55 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

HBK Sorce Advisory LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,623 shares of the utilities provider’s stock after purchasing an additional 952 shares during the period. HBK Sorce Advisory LLC’s holdings in NextEra Energy were worth $2,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC lifted its holdings in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after purchasing an additional 41,328 shares during the last quarter. Nordea Investment Management AB lifted its holdings in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Swiss National Bank lifted its holdings in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the last quarter. Finally, Czech National Bank lifted its holdings in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.3 %

Shares of NYSE NEE opened at $73.03 on Thursday. The stock has a market cap of $150.23 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.45 and a beta of 0.58. The firm has a 50 day moving average price of $70.46 and a 200 day moving average price of $75.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $58.88 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly 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%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.10%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NEE. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.92.

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.