Congress Asset Management Co. Has $14.55 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Congress Asset Management Co. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,954 shares of the utilities provider's stock after acquiring an additional 17,448 shares during the period. Congress Asset Management Co.'s holdings in NextEra Energy were worth $14,550,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $27,000. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy in the 3rd quarter valued at about $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $1.06 on Thursday, reaching $70.12. 9,339,386 shares of the company's stock were exchanged, compared to its average volume of 11,303,559. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a fifty day moving average of $70.62 and a 200-day moving average of $76.64. The company has a market capitalization of $144.23 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.39 and a beta of 0.58. 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 (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, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 61.13%.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company 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.