Centricity Wealth Management LLC Invests $59,000 in NextEra Energy, Inc. (NYSE:NEE)

Centricity Wealth Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 827 shares of the utilities provider’s stock, valued at approximately $59,000.

Several other hedge funds also recently made changes to their positions in NEE. Nicholson Wealth Management Group LLC lifted its position in NextEra Energy by 97.3% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 21,279 shares of the utilities provider’s stock valued at $1,525,000 after buying an additional 10,493 shares during the period. Cromwell Holdings LLC increased its stake in shares of NextEra Energy by 4.2% in the 4th quarter. Cromwell Holdings LLC now owns 5,234 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 211 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in NextEra Energy by 2.6% during the 4th quarter. Tandem Investment Advisors Inc. now owns 1,358,923 shares of the utilities provider’s stock valued at $97,421,000 after acquiring an additional 34,032 shares during the period. Aspen Investment Management Inc boosted its stake in NextEra Energy by 1.0% during the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after acquiring an additional 151 shares in the last quarter. Finally, ING Groep NV grew its holdings in NextEra Energy by 351.6% in the fourth quarter. ING Groep NV now owns 587,646 shares of the utilities provider’s stock worth $42,128,000 after purchasing an additional 457,523 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NEE. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a 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 report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Transactions at NextEra Energy

In related 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 owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.74 on Friday. 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 firm has a market cap of $147.56 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The business has a 50-day simple moving average of $70.53 and a two-hundred day simple moving average of $76.56. 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 announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 61.13%.

About NextEra Energy

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.