Account Management LLC Buys 4,225 Shares of NextEra Energy, Inc. (NYSE:NEE)

Account Management LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,065 shares of the utilities provider's stock after buying an additional 4,225 shares during the period. NextEra Energy comprises approximately 5.7% of Account Management LLC's investment portfolio, making the stock its 5th biggest holding. Account Management LLC's holdings in NextEra Energy were worth $4,880,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Burkett Financial Services LLC increased its position in shares of 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. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the third quarter worth about $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth about $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on shares of 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, Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Eight equities research 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 an average rating of "Hold" and a consensus target price of $85.92.

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Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company's 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.6 %

Shares of NEE stock traded up $0.41 during trading on Friday, reaching $70.44. The company's stock had a trading volume of 7,846,146 shares, compared to its average volume of 10,646,249. The company has a market capitalization of $144.90 billion, a price-to-earnings ratio of 20.90, 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 debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock's 50-day moving average price is $70.67 and its 200 day moving average price is $75.14.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current 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 issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is 67.06%.

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.