Paradigm Asset Management Co. LLC Acquires 4,350 Shares of NextEra Energy, Inc. (NYSE:NEE)

Paradigm Asset Management Co. LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,700 shares of the utilities provider's stock after buying an additional 4,350 shares during the period. Paradigm Asset Management Co. LLC's holdings in NextEra Energy were worth $1,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Burkett Financial Services LLC increased its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $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 4th quarter valued at $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Evercore ISI decreased their price objective on shares of 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 upped their price target on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $85.85.

NextEra Energy Stock Up 2.3 %

Shares of NextEra Energy stock traded up $1.60 on Friday, reaching $71.74. The company's stock had a trading volume of 16,739,967 shares, compared to its average volume of 11,463,395. The company has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm's fifty day simple moving average is $70.56 and its two-hundred day simple moving average is $76.59.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 61.13%.

Insiders Place Their Bets

In other 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.