58,916 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,916 shares of the utilities provider's stock, valued at approximately $4,224,000.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC boosted its holdings in shares of 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 buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $44,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $67.19 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 stock has a market cap of $138.32 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm's fifty day moving average price is $69.48 and its 200-day moving average price is $72.92.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.37%. NextEra Energy's dividend payout ratio is 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value 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. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NEE. Barclays reduced their price objective on NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price target 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. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.46.

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.

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