Dividend Assets Capital LLC Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Dividend Assets Capital LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 163,081 shares of the utilities provider’s stock after purchasing an additional 2,142 shares during the period. NextEra Energy comprises about 2.3% of Dividend Assets Capital LLC’s portfolio, making the stock its 13th biggest holding. Dividend Assets Capital LLC’s holdings in NextEra Energy were worth $11,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Greystone Financial Group LLC boosted its position in NextEra Energy by 3.3% during the fourth quarter. Greystone Financial Group LLC now owns 14,555 shares of the utilities provider’s stock worth $1,043,000 after purchasing an additional 460 shares during the period. Paradigm Asset Management Co. LLC lifted its stake in shares of NextEra Energy by 22.5% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 23,700 shares of the utilities provider’s stock valued at $1,699,000 after buying an additional 4,350 shares in the last quarter. PYA Waltman Capital LLC lifted its stake in shares of NextEra Energy by 2.6% during the 4th quarter. PYA Waltman Capital LLC now owns 13,991 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 361 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in NextEra Energy by 7.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 14,940 shares of the utilities provider’s stock worth $1,071,000 after buying an additional 1,041 shares during the period. Finally, Arcadia Investment Management Corp MI grew its stake in NextEra Energy by 13.1% in the 4th quarter. Arcadia Investment Management Corp MI now owns 19,882 shares of the utilities provider’s stock valued at $1,425,000 after buying an additional 2,305 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Evercore ISI decreased 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.74 on Friday. The company’s fifty day moving average price is $70.53 and its 200-day moving average price is $76.56. 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 capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.41 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend yield of 3.16%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 61.13%.

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.