Proficio Capital Partners LLC Purchases 6,177 Shares of NextEra Energy, Inc. (NYSE:NEE)

Proficio Capital Partners LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 88.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,199 shares of the utilities provider's stock after purchasing an additional 6,177 shares during the quarter. Proficio Capital Partners LLC's holdings in NextEra Energy were worth $946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its stake in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after purchasing an additional 5,409 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $406,000. Quest Partners LLC bought a new position in NextEra Energy during the third quarter worth $183,000. Segall Bryant & Hamill LLC acquired a new position in NextEra Energy in the third quarter worth $4,055,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in NextEra Energy in the third quarter worth $5,382,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. raised 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 price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Finally, Evercore ISI cut 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. Eight analysts have rated the stock with a hold rating and seven have issued 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 target price of $85.92.

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NextEra Energy Trading Down 2.0 %

NEE traded down $1.37 during trading on Tuesday, reaching $68.70. The company had a trading volume of 12,615,899 shares, compared to its average volume of 10,151,328. NextEra Energy, Inc. has a 12-month low of $61.30 and a 12-month high of $86.10. The firm's 50-day simple moving average is $70.68 and its 200 day simple moving average is $75.42. The company has a market cap of $141.32 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business'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 owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate 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.