World Equity Group Inc. Has $1.28 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

World Equity Group Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 100.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,916 shares of the utilities provider’s stock after buying an additional 8,982 shares during the quarter. World Equity Group Inc.’s holdings in NextEra Energy were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 2.3 %

Shares of NextEra Energy stock opened at $71.74 on Friday. The firm has a market capitalization of $147.56 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $70.53 and its 200 day moving average is $76.56. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

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 net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley lifted their price objective 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. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Scotiabank raised 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $85.85.

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.