Guardian Partners Inc. Acquires Shares of 14,700 NextEra Energy, Inc. (NYSE:NEE)

Guardian Partners Inc. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 14,700 shares of the utilities provider's stock, valued at approximately $1,039,000.

A number of other institutional investors have also added to or reduced their stakes in NEE. Second Line Capital LLC boosted its holdings in shares of NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock worth $262,000 after purchasing an additional 139 shares in the last quarter. Accel Wealth Management lifted its position in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after buying an additional 145 shares during the last quarter. L.M. Kohn & Company boosted its stake in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after buying an additional 145 shares in the last quarter. 1ST Source Bank grew its position in NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock valued at $2,889,000 after acquiring an additional 147 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

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Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 0.5 %

NEE stock traded up $0.35 on Thursday, reaching $70.08. The company's stock had a trading volume of 8,748,066 shares, compared to its average volume of 10,108,621. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The business has a fifty day simple moving average of $70.68 and a two-hundred day simple moving average of $75.27. The firm has a market cap of $144.15 billion, a PE ratio of 20.79, a PEG ratio of 2.45 and a beta of 0.58. 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 posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Evercore ISI cut 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 research report on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley lifted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and a consensus price target of $85.92.

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.