Park Avenue Securities LLC Acquires 9,707 Shares of NextEra Energy, Inc. (NYSE:NEE)

Park Avenue Securities LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 145,522 shares of the utilities provider's stock after buying an additional 9,707 shares during the period. Park Avenue Securities LLC's holdings in NextEra Energy were worth $10,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Burkett Financial Services LLC boosted 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 worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth $27,000. Quarry LP bought a new stake in NextEra Energy in the third quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the third quarter valued at about $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.9 %

Shares of NYSE NEE traded up $1.27 during midday trading on Wednesday, reaching $69.25. The company's stock had a trading volume of 12,414,799 shares, compared to its average volume of 10,087,837. The stock has a 50 day simple moving average of $73.79 and a 200-day simple moving average of $77.26. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $142.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the business earned $0.94 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.97%. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Guggenheim increased 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $87.15.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.