25,690 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Stenger Family Office LLC

Stenger Family Office LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,690 shares of the utilities provider's stock, valued at approximately $1,842,000.

Other hedge funds have also modified their holdings of the company. Accel Wealth Management boosted its position in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after buying an additional 145 shares during the last quarter. L.M. Kohn & Company raised its position 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 valued at $1,101,000 after acquiring an additional 145 shares in the last quarter. 1ST Source Bank lifted its holdings in NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock valued at $2,889,000 after acquiring an additional 147 shares during the period. Tortoise Investment Management LLC grew its stake in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after purchasing an additional 149 shares during the period. Finally, Baker Ellis Asset Management LLC lifted its stake in shares of NextEra Energy by 1.3% in the 4th quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock valued at $836,000 after purchasing an additional 150 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $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 is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 1.0 %

Shares of NEE traded up $0.65 during mid-day trading on Friday, reaching $66.29. The stock had a trading volume of 11,210,902 shares, compared to its average volume of 10,804,052. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business's fifty day moving average is $69.63 and its 200 day moving average is $73.30. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The firm has a market cap of $136.47 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58.

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, 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, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NEE shares. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley cut their target price on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.15.

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.