NextEra Energy, Inc. (NYSE:NEE) Stock Position Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1,096.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,708 shares of the utilities provider’s stock after buying an additional 192,183 shares during the quarter. Modern Wealth Management LLC’s holdings in NextEra Energy were worth $14,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Zevenbergen Capital Investments LLC lifted its position in NextEra Energy by 16.5% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 17,398 shares of the utilities provider’s stock worth $1,247,000 after purchasing an additional 2,470 shares during the period. Haverford Trust Co raised its stake in shares of NextEra Energy by 3.5% in the 4th quarter. Haverford Trust Co now owns 1,614,522 shares of the utilities provider’s stock worth $115,745,000 after buying an additional 54,264 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of NextEra Energy by 41.0% in the fourth quarter. Prudential Financial Inc. now owns 2,037,807 shares of the utilities provider’s stock valued at $146,090,000 after buying an additional 592,749 shares during the period. ICW Investment Advisors LLC boosted its stake in NextEra Energy by 3.2% during the fourth quarter. ICW Investment Advisors LLC now owns 20,985 shares of the utilities provider’s stock valued at $1,504,000 after buying an additional 655 shares in the last quarter. Finally, Dillon & Associates Inc. grew its holdings in NextEra Energy by 1.9% during the fourth quarter. Dillon & Associates Inc. now owns 60,468 shares of the utilities provider’s stock worth $4,354,000 after acquiring an additional 1,148 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’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 of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 1.2 %

NextEra Energy stock opened at $70.02 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.30 and a 12 month high of $86.10. The company’s fifty day simple moving average is $70.68 and its 200-day simple moving average is $75.42. The stock has a market cap of $144.03 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly 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%. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.24%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

A number of brokerages have weighed in on NEE. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company 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.