Broadway Wealth Solutions Inc. Makes New $262,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Broadway Wealth Solutions Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,659 shares of the utilities provider's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC lifted its position 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 purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy during the third quarter worth $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $44,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.41 during trading on Friday, hitting $70.44. The stock had a trading volume of 7,846,146 shares, compared to its average volume of 10,646,249. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The stock has a 50-day simple moving average of $70.67 and a two-hundred day simple moving average of $75.14. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $144.90 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. 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 3.22%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NEE shares. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, 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 report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $85.92.

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.