Financial Enhancement Group LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Financial Enhancement Group LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 77.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,373 shares of the utilities provider's stock after acquiring an additional 39,870 shares during the period. Financial Enhancement Group LLC's holdings in NextEra Energy were worth $6,118,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NEE. Tandem Capital Management Corp ADV grew its position in shares of NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after buying an additional 125 shares in the last quarter. Insight Folios Inc lifted its stake in NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after acquiring an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC grew its holdings in NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock valued at $2,597,000 after purchasing an additional 130 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $69.25 on Thursday. The stock has a market capitalization of $142.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.26 and a beta of 0.58. The firm's fifty day simple moving average is $73.79 and its 200-day simple moving average is $77.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy's payout ratio is currently 60.95%.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $87.15.

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.

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