9,992 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,992 shares of the utilities provider's stock, valued at approximately $716,000.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC lifted its position in shares of NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after buying an additional 41,328 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the period. Czech National Bank increased its holdings in shares of NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after acquiring an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after acquiring an additional 9,425 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

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NextEra Energy Price Performance

NextEra Energy stock traded up $0.35 during trading hours on Thursday, reaching $70.08. 8,748,066 shares of the stock were exchanged, compared to its average volume of 10,108,621. 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 twelve month low of $61.31 and a twelve month high of $86.10. The company has a market cap of $144.15 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock has a 50 day moving average of $70.68 and a two-hundred day moving average of $75.27.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 net margin of 28.06% and a return on equity of 11.85%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given 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 was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NEE shares. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley lifted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI reduced their price objective on 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, Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $85.92.

NextEra Energy Company 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.