NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Sound Financial Strategies Group LLC

Sound Financial Strategies Group LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,469 shares of the utilities provider’s stock after acquiring an additional 3,563 shares during the quarter. Sound Financial Strategies Group LLC’s holdings in NextEra Energy were worth $822,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NEE. Fiduciary Family Office LLC grew its position in shares of NextEra Energy by 1.0% during the third quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock worth $1,141,000 after acquiring an additional 139 shares during the last quarter. Second Line Capital LLC raised its stake in shares of NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after buying an additional 139 shares during the last quarter. Drive Wealth Management LLC raised its stake in shares of NextEra Energy by 2.8% during the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after buying an additional 145 shares during the last quarter. Accel Wealth Management increased its position in NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 145 shares in the last quarter. Finally, L.M. Kohn & Company increased its position in NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy 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 transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on NEE shares. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $70.85 on Wednesday. The business’s 50 day moving average is $70.38 and its 200-day moving average is $76.20. The firm has a market cap of $145.74 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $54.95 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts predict 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 represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. 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.