Broadway Wealth Solutions Inc. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Broadway Wealth Solutions Inc. bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,659 shares of the utilities provider’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boussard & Gavaudan Investment Management LLP purchased a new stake in NextEra Energy during the fourth quarter worth about $2,609,000. New Age Alpha Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $193,000. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Caisse Des Depots ET Consignations purchased a new position in NextEra Energy in the 4th quarter valued at approximately $7,394,000. Finally, Providence Wealth Advisors LLC raised its holdings in NextEra Energy by 1.4% during the fourth quarter. Providence Wealth Advisors LLC now owns 39,088 shares of the utilities provider’s stock worth $2,802,000 after purchasing an additional 558 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE stock opened at $70.08 on Friday. The stock has a market capitalization of $144.15 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. 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 52-week low of $61.31 and a 52-week high of $86.10. The stock’s fifty day simple moving average is $70.68 and its 200-day simple moving average is $75.27.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.23%. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy 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.