78,859 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Life Planning Partners Inc

Life Planning Partners Inc bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 78,859 shares of the utilities provider's stock, valued at approximately $5,653,000.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Howard Capital Management Group LLC boosted its stake in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after acquiring an additional 5,409 shares in the last quarter. Townsquare Capital LLC raised its holdings in NextEra Energy by 37.4% in the 3rd quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider's stock worth $3,943,000 after purchasing an additional 12,689 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in NextEra Energy during the third quarter worth approximately $477,000. Hantz Financial Services Inc. grew its holdings in NextEra Energy by 1.0% in the third quarter. Hantz Financial Services Inc. now owns 30,417 shares of the utilities provider's stock valued at $2,571,000 after purchasing an additional 296 shares during the period. Finally, Isthmus Partners LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $579,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the 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 transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NEE shares. Guggenheim reiterated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Finally, Evercore ISI reduced their target price 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of "Hold" and an average target price of $85.92.

NextEra Energy Trading Up 0.0 %

NextEra Energy stock traded up $0.01 during midday trading on Tuesday, hitting $70.90. 8,711,366 shares of the stock were exchanged, compared to its average volume of 10,649,306. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock's 50-day simple moving average is $70.67 and its 200 day simple moving average is $74.99. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. The stock has a market capitalization of $145.85 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio is currently 67.06%.

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.