Pines Wealth Management LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Pines Wealth Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,759 shares of the utilities provider's stock, valued at approximately $1,197,000.

Several other large investors also recently bought and sold shares of NEE. Accurate Wealth Management LLC raised its holdings in shares of NextEra Energy by 2.6% during the 4th quarter. Accurate Wealth Management LLC now owns 9,102 shares of the utilities provider's stock worth $617,000 after acquiring an additional 232 shares during the period. Safeguard Financial LLC raised its stake in NextEra Energy by 5.9% during the fourth quarter. Safeguard Financial LLC now owns 3,023 shares of the utilities provider's stock worth $217,000 after purchasing an additional 168 shares during the period. Breakwater Capital Group boosted its holdings in NextEra Energy by 12.7% in the 4th quarter. Breakwater Capital Group now owns 9,599 shares of the utilities provider's stock valued at $688,000 after purchasing an additional 1,083 shares during the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $263,000. Finally, Fortis Advisors LLC increased its holdings in shares of NextEra Energy by 19.5% during the 4th quarter. Fortis Advisors LLC now owns 5,857 shares of the utilities provider's stock worth $420,000 after buying an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Finally, Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of "Hold" and an average target price of $87.15.

NextEra Energy Stock Up 1.9 %

NextEra Energy stock traded up $1.27 during trading on Wednesday, reaching $69.25. The stock had a trading volume of 12,143,373 shares, compared to its average volume of 10,055,021. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The business has a 50 day moving average price of $73.79 and a 200 day moving average price of $77.26. The stock has a market cap of $142.41 billion, a PE ratio of 20.49, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Dividend Announcement

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company's 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 transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

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.