Spectrum Wealth Advisory Group LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Spectrum Wealth Advisory Group LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,200 shares of the utilities provider's stock, valued at approximately $373,000.

Other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its holdings in shares of NextEra Energy by 1.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 50,350 shares of the utilities provider's stock worth $3,610,000 after acquiring an additional 891 shares during the period. MOKAN Wealth Management Inc. acquired a new position in NextEra Energy in the fourth quarter worth about $412,000. L.M. Kohn & Company lifted its stake in NextEra Energy by 1.0% during the fourth 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 period. Lee Financial Co boosted its holdings in NextEra Energy by 7.4% during the fourth quarter. Lee Financial Co now owns 4,365 shares of the utilities provider's stock valued at $313,000 after purchasing an additional 301 shares in the last quarter. Finally, WD Rutherford LLC grew its stake in shares of NextEra Energy by 4.3% in the 4th quarter. WD Rutherford LLC now owns 24,720 shares of the utilities provider's stock valued at $1,772,000 after purchasing an additional 1,015 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.8 %

NEE stock traded up $0.54 during trading on Wednesday, hitting $69.04. The company had a trading volume of 8,842,966 shares, compared to its average volume of 11,358,661. The firm has a 50-day moving average price of $70.62 and a 200-day moving average price of $76.64. NextEra Energy, Inc. has a 12 month low of $53.95 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 stock has a market cap of $141.98 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.38 and a beta of 0.58.

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 for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is 61.13%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.