Greystone Financial Group LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Greystone Financial Group LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 14,555 shares of the utilities provider’s stock after purchasing an additional 460 shares during the period. Greystone Financial Group LLC’s holdings in NextEra Energy were worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Paradigm Asset Management Co. LLC grew its position in NextEra Energy by 22.5% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 23,700 shares of the utilities provider’s stock worth $1,699,000 after acquiring an additional 4,350 shares in the last quarter. PYA Waltman Capital LLC raised its position in NextEra Energy by 2.6% during the fourth quarter. PYA Waltman Capital LLC now owns 13,991 shares of the utilities provider’s stock valued at $1,003,000 after purchasing an additional 361 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in NextEra Energy by 7.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 14,940 shares of the utilities provider’s stock worth $1,071,000 after purchasing an additional 1,041 shares during the last quarter. Arcadia Investment Management Corp MI boosted its holdings in shares of 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 worth $1,425,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Compass Capital Corp MA ADV bought a new position in shares of NextEra Energy during the 4th quarter valued at about $224,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated 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 $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NEE shares. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Barclays upped their price target 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Up 2.3 %

Shares of NYSE:NEE opened at $71.74 on Friday. The stock’s 50-day moving average is $70.53 and its 200 day moving average is $76.56. The company has a market cap of $147.56 billion, a PE ratio of 21.29, a P/E/G ratio of 2.41 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. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend 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 of this dividend 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.