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NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Tandem Investment Advisors Inc.

NextEra Energy logo with Utilities background

Tandem Investment Advisors Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,358,923 shares of the utilities provider's stock after acquiring an additional 34,032 shares during the quarter. NextEra Energy accounts for about 3.7% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 9th biggest holding. Tandem Investment Advisors Inc. owned 0.07% of NextEra Energy worth $97,421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC grew its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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 directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI reduced their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $85.85.

Read Our Latest Report on NextEra Energy

NextEra Energy Trading Up 2.3 %

NEE traded up $1.60 on Friday, hitting $71.74. The company had a trading volume of 16,739,967 shares, compared to its average volume of 11,463,395. The firm has a market cap of $147.56 billion, a P/E ratio of 21.29, a PEG ratio of 2.41 and a beta of 0.58. 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 company's fifty day moving average price is $70.56 and its 200 day moving average price is $76.59. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, February 28th. NextEra Energy's payout ratio is currently 61.13%.

NextEra Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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