Aviso Wealth Management Buys 7,366 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aviso Wealth Management boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 73.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,368 shares of the utilities provider's stock after buying an additional 7,366 shares during the quarter. Aviso Wealth Management's holdings in NextEra Energy were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP bought a new position in shares of NextEra Energy during the third quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider's stock worth $50,000 after acquiring an additional 571 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.6 %

NEE stock traded up $0.41 during midday trading on Friday, hitting $70.44. The company's stock had a trading volume of 7,846,146 shares, compared to its average volume of 10,646,249. The firm's 50-day moving average is $70.67 and its 200-day moving average is $75.14. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a market cap of $144.90 billion, a PE ratio of 20.90, a P/E/G ratio of 2.45 and a beta of 0.58.

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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%. 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.22%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

Several research analysts have commented on NEE shares. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Scotiabank increased their price target 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. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Evercore ISI reduced their price target on 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.92.

Insiders Place Their Bets

In other NextEra Energy 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 transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.