AXQ Capital LP Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

AXQ Capital LP lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,027 shares of the utilities provider's stock after buying an additional 16,480 shares during the period. NextEra Energy makes up 1.3% of AXQ Capital LP's investment portfolio, making the stock its largest holding. AXQ Capital LP's holdings in NextEra Energy were worth $2,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its holdings 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 acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter worth about $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank boosted their price target 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. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Evercore ISI dropped their price objective 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. Finally, Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $85.92.

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Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company's 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $1.07 during mid-day trading on Wednesday, hitting $69.66. The company had a trading volume of 9,154,191 shares, compared to its average volume of 10,126,829. The business's 50-day simple moving average is $70.70 and its 200-day simple moving average is $75.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market cap of $143.28 billion, a P/E ratio of 20.67, 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.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts predict 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.25%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is currently 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.