SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Takes $479,000 Position in NextEra Energy, Inc. (NYSE:NEE)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,678 shares of the utilities provider's stock, valued at approximately $479,000.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after buying an additional 588,038 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NextEra Energy by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock worth $977,191,000 after acquiring an additional 345,999 shares during the period. Amundi raised its position in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, Scotiabank increased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $85.92.

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Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE opened at $74.04 on Wednesday. NextEra Energy, Inc. has a 12-month low of $56.55 and a 12-month high of $86.10. 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 stock has a market capitalization of $152.30 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.45 and a beta of 0.58. The business's 50 day moving average is $70.43 and its two-hundred day moving average is $75.97.

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 net margin of 28.06% and a return on equity of 11.85%. Research analysts expect 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. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date is 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 yield of 3.06%. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

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.

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