Holistic Financial Partners Acquires 212 Shares of NextEra Energy, Inc. (NYSE:NEE)

Holistic Financial Partners grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,083 shares of the utilities provider’s stock after buying an additional 212 shares during the period. Holistic Financial Partners’ holdings in NextEra Energy were worth $293,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC raised its position in shares of NextEra Energy by 2.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 114,159 shares of the utilities provider’s stock worth $8,184,000 after purchasing an additional 2,959 shares during the period. WealthShield Partners LLC raised its position in shares of NextEra Energy by 0.6% during the fourth quarter. WealthShield Partners LLC now owns 28,136 shares of the utilities provider’s stock worth $2,017,000 after purchasing an additional 173 shares during the period. Asset Advisors Investment Management LLC raised its position in shares of NextEra Energy by 1.2% during the fourth quarter. Asset Advisors Investment Management LLC now owns 39,627 shares of the utilities provider’s stock worth $2,841,000 after purchasing an additional 475 shares during the period. RWC Asset Management LLP raised its position in shares of NextEra Energy by 313.0% during the fourth quarter. RWC Asset Management LLP now owns 673,317 shares of the utilities provider’s stock worth $48,270,000 after purchasing an additional 510,302 shares during the period. Finally, Conscious Wealth Investments LLC raised its position in shares of NextEra Energy by 1.0% during the fourth quarter. Conscious Wealth Investments LLC now owns 47,931 shares of the utilities provider’s stock worth $3,392,000 after purchasing an additional 484 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated 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 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 is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NEE shares. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank upped their target price 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. Morgan Stanley raised 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. Evercore ISI cut their price objective 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. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight 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 company has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.74 on Monday. The company’s 50-day moving average is $70.53 and its 200 day moving average is $76.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is 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.