NewEdge Advisors LLC Has $24.07 Million Position in NextEra Energy, Inc. (NYSE:NEE)

NewEdge Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 335,734 shares of the utilities provider's stock after buying an additional 34,474 shares during the quarter. NewEdge Advisors LLC's holdings in NextEra Energy were worth $24,069,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stenger Family Office LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $1,842,000. Master S Wealth Management Inc. bought a new position in NextEra Energy in the 4th quarter worth approximately $281,000. Evergreen Capital Management LLC lifted its holdings in NextEra Energy by 1.5% during the 4th quarter. Evergreen Capital Management LLC now owns 23,283 shares of the utilities provider's stock worth $1,669,000 after buying an additional 351 shares in the last quarter. Delaney Dennis R bought a new position in NextEra Energy in the 4th quarter valued at $239,000. Finally, Jump Financial LLC increased its stake in shares of NextEra Energy by 114.1% in the 4th quarter. Jump Financial LLC now owns 101,496 shares of the utilities provider's stock valued at $7,276,000 after buying an additional 54,091 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity

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

NextEra Energy Stock Down 3.0 %

NextEra Energy stock opened at $65.64 on Thursday. 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's 50-day moving average is $69.78 and its 200-day moving average is $73.56. The firm has a market capitalization of $135.13 billion, a PE ratio of 19.48, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently disclosed 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEE shares. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley dropped their price target on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday. BMO Capital Markets dropped their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $85.15.

About NextEra Energy

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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