Advisors Capital Management LLC Buys 24,527 Shares of NextEra Energy, Inc. (NYSE:NEE)

Advisors Capital Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,294 shares of the utilities provider's stock after acquiring an additional 24,527 shares during the quarter. Advisors Capital Management LLC's holdings in NextEra Energy were worth $24,539,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Down 0.1 %

NEE traded down $0.10 on Tuesday, hitting $67.59. 7,851,074 shares of the company were exchanged, compared to its average volume of 10,820,005. 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's fifty day moving average is $69.83 and its 200-day moving average is $73.62. The company has a market cap of $139.14 billion, a PE ratio of 20.06, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10.

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NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.35%. NextEra Energy's payout ratio is currently 67.06%.

Insider Activity

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 stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEE. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley boosted their target price on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Finally, Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Hold" and a consensus target price of $85.38.

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.