Nebula Research & Development LLC Makes New $3.23 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

Nebula Research & Development LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 45,060 shares of the utilities provider's stock, valued at approximately $3,230,000.

A number of other large investors have also recently bought and sold shares of the stock. Accel Wealth Management grew its position in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after acquiring an additional 145 shares during the period. L.M. Kohn & Company grew its position 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 valued at $1,101,000 after acquiring an additional 145 shares during the period. 1ST Source Bank grew its holdings in shares of NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after purchasing an additional 147 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its holdings in shares of NextEra Energy by 1.3% in the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock valued at $836,000 after buying an additional 150 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.1 %

Shares of NextEra Energy stock traded up $0.08 on Monday, hitting $66.17. The company had a trading volume of 7,122,604 shares, compared to its average volume of 10,803,370. The firm has a market capitalization of $136.22 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. 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 stock has a 50-day moving average of $69.41 and a 200-day moving average of $72.61.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NEE. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Barclays dropped their target price on shares of NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI dropped 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 reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction 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 sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.