NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,422 shares of the utilities provider’s stock after buying an additional 2,608 shares during the period. Farther Finance Advisors LLC’s holdings in NextEra Energy were worth $2,754,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.3 %

Shares of NYSE:NEE opened at $73.03 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $58.88 and a fifty-two week high of $86.10. The firm’s 50 day moving average price is $70.46 and its 200 day moving average price is $75.95. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market cap of $150.23 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley boosted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.92.

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.