Wedbush Securities Inc. Has $4.13 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wedbush Securities Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,671 shares of the utilities provider's stock after acquiring an additional 6,247 shares during the quarter. Wedbush Securities Inc.'s holdings in NextEra Energy were worth $4,134,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Burkett Financial Services LLC increased its stake in 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 buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and an average price target of $85.92.

Remove Ads

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.37 during trading hours on Thursday, reaching $67.21. 6,656,363 shares of the company were exchanged, compared to its average volume of 10,788,833. 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 stock has a 50-day moving average of $70.06 and a 200 day moving average of $74.10. The firm has a market cap of $138.37 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts anticipate 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. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.37%. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

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.