NextEra Energy, Inc. (NYSE:NEE) Stock Position Raised by Wintrust Investments LLC

Wintrust Investments LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,312 shares of the utilities provider’s stock after acquiring an additional 1,202 shares during the period. Wintrust Investments LLC’s holdings in NextEra Energy were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of NextEra Energy by 0.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 415,098 shares of the utilities provider’s stock worth $29,787,000 after purchasing an additional 2,772 shares during the last quarter. Mascoma Wealth Management LLC increased its position in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider’s stock worth $46,000 after buying an additional 188 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in NextEra Energy by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,602 shares of the utilities provider’s stock valued at $10,223,000 after buying an additional 78,937 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of NextEra Energy by 193.7% in the fourth quarter. Rakuten Securities Inc. now owns 1,824 shares of the utilities provider’s stock worth $131,000 after buying an additional 1,203 shares during the last quarter. Finally, Essential Planning LLC. acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $3,978,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI cut their target price on shares of 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. Finally, Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.92.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 1.3 %

Shares of NEE stock opened at $73.03 on Thursday. 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 fifty day moving average of $70.46 and a 200-day moving average of $75.95. NextEra Energy, Inc. has a 52-week low of $58.88 and a 52-week high of $86.10. The stock has a market cap of $150.23 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, 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 business also recently disclosed 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. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.10%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.