Crux Wealth Advisors Invests $386,000 in NextEra Energy, Inc. (NYSE:NEE)

Crux Wealth Advisors acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,387 shares of the utilities provider's stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Howard Capital Management Group LLC lifted its stake in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of NextEra Energy by 3.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider's stock worth $1,842,000 after acquiring an additional 656 shares during the period. Wealthquest Corp increased its holdings in shares of NextEra Energy by 4.8% during the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider's stock worth $838,000 after acquiring an additional 446 shares during the last quarter. Tudor Financial Inc. bought a new stake in NextEra Energy in the 3rd quarter valued at $742,000. Finally, Anchor Investment Management LLC lifted its holdings in NextEra Energy by 4.5% during the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider's stock valued at $4,411,000 after purchasing an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Morgan Stanley cut their price target on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Eight 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, the stock currently has an average rating of "Hold" and an average price target of $85.15.

Insiders Place Their Bets

In related 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.95 during midday trading on Wednesday, reaching $66.71. The company's stock had a trading volume of 4,508,306 shares, compared to its average volume of 10,797,077. The stock has a market capitalization of $137.33 billion, a P/E ratio of 19.80, a PEG ratio of 2.45 and a beta of 0.58. 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 50 day moving average price of $69.83 and a 200-day moving average price of $73.62. 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 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 return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.40%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's 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.