F M Investments LLC Has $9.34 Million Position in NextEra Energy, Inc. (NYSE:NEE)

F M Investments LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,318 shares of the utilities provider's stock after buying an additional 19,347 shares during the period. F M Investments LLC's holdings in NextEra Energy were worth $9,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter valued at about $33,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. 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 NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.30 during trading hours on Tuesday, hitting $67.99. 2,659,317 shares of the company traded hands, compared to its average volume of 10,801,557. The firm's 50-day simple moving average is $69.86 and its two-hundred day simple moving average is $73.66. The firm has a market cap of $139.96 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Morgan Stanley increased their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $85.38.

NextEra Energy 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.