NextEra Energy, Inc. (NYSE:NEE) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,237 shares of the utilities provider's stock after acquiring an additional 35,687 shares during the period. NEOS Investment Management LLC's holdings in NextEra Energy were worth $9,337,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth about $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.5 %

Shares of NextEra Energy stock traded up $0.36 during trading hours on Monday, hitting $70.81. The company had a trading volume of 3,063,394 shares, compared to its average volume of 11,557,836. The company's 50-day moving average is $70.67 and its two-hundred day moving average is $75.08. NextEra Energy, Inc. has a twelve month low of $61.31 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 company has a market cap of $145.66 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on NEE. Evercore ISI cut their price target 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. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Hold" and an average target price of $85.92.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.