NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Canopy Partners LLC

Canopy Partners LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 103.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,510 shares of the utilities provider's stock after buying an additional 5,848 shares during the quarter. Canopy Partners LLC's holdings in NextEra Energy were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Burkett Financial Services LLC boosted its stake in shares of 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 buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth $33,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on 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 $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company's stock.

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NextEra Energy Price Performance

NextEra Energy stock traded down $1.00 during trading hours on Friday, hitting $65.72. 14,853,104 shares of the company traded hands, compared to its average volume of 10,823,000. The firm's 50-day simple moving average is $69.89 and its two-hundred day simple moving average is $73.84. The firm has a market cap of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts forecast 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. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.45%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley increased their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy currently has an average 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.