PUREfi Wealth LLC Purchases Shares of 5,918 NextEra Energy, Inc. (NYSE:NEE)

PUREfi Wealth LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,918 shares of the utilities provider's stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Nordea Investment Management AB raised its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its stake in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after buying an additional 26,270 shares during the last quarter. Swiss National Bank grew its holdings in shares of NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock worth $515,481,000 after acquiring an additional 21,400 shares during the period. Finally, Czech National Bank lifted its holdings in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after acquiring an additional 27,340 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.5 %

NYSE:NEE traded up $0.31 during midday trading on Tuesday, hitting $68.37. 12,090,251 shares of the company traded hands, compared to its average volume of 11,446,257. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm's fifty day moving average is $70.84 and its 200-day moving average is $76.77. The firm has a market capitalization of $140.59 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.31%. NextEra Energy's dividend payout ratio (DPR) is presently 61.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NEE shares. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $85.85.

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.