Schechter Investment Advisors LLC Has $1.84 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Schechter Investment Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,655 shares of the utilities provider's stock after purchasing an additional 4,571 shares during the period. Schechter Investment Advisors LLC's holdings in NextEra Energy were worth $1,839,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Family Office LLC grew its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider's stock valued at $1,141,000 after buying an additional 139 shares during the last quarter. Second Line Capital LLC boosted its stake in NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 139 shares during the period. Drive Wealth Management LLC grew its holdings in shares of NextEra Energy by 2.8% during the third quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 145 shares during the last quarter. Accel Wealth Management raised its position in shares of NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after purchasing an additional 145 shares during the period. Finally, L.M. Kohn & Company lifted its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Down 1.9 %

Shares of NextEra Energy stock traded down $1.36 during trading on Thursday, hitting $69.13. The stock had a trading volume of 914,063 shares, compared to its average volume of 11,162,062. 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 $142.19 billion, a PE ratio of 20.54, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $55.53 and a 1 year high of $86.10. The stock has a 50 day simple moving average of $70.33 and a 200 day simple moving average of $76.16.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid 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 is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.28%. NextEra Energy's dividend payout ratio is 67.06%.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. Evercore ISI dropped their target price on 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. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $85.85.

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.