30,304 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,304 shares of the utilities provider's stock, valued at approximately $2,172,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted 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 buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the 4th quarter valued at approximately $44,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.10 during midday trading on Tuesday, hitting $67.59. The company's stock had a trading volume of 7,851,074 shares, compared to its average volume of 10,820,005. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $139.14 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock's 50-day moving average price is $69.83 and its 200-day moving average price is $73.62.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.35%. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Buying and Selling

In related 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 value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Morgan Stanley increased their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Hold" and an average price target of $85.38.

NextEra Energy Company 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.