TigerOak Management L.L.C. Takes $851,000 Position in NextEra Energy, Inc. (NYSE:NEE)

TigerOak Management L.L.C. bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,866 shares of the utilities provider's stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider's stock valued at $395,000 after purchasing an additional 3,914 shares during the period. Creative Planning grew its stake in shares of NextEra Energy by 2.4% during the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider's stock worth $70,082,000 after acquiring an additional 19,698 shares during the period. Bleakley Financial Group LLC increased its holdings in NextEra Energy by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 45,194 shares of the utilities provider's stock worth $3,820,000 after acquiring an additional 1,453 shares during the last quarter. AlphaMark Advisors LLC raised its stake in NextEra Energy by 891.7% in the 3rd quarter. AlphaMark Advisors LLC now owns 833 shares of the utilities provider's stock valued at $70,000 after acquiring an additional 749 shares during the period. Finally, LexAurum Advisors LLC purchased a new stake in NextEra Energy during the third quarter valued at about $204,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.54 during mid-day trading on Wednesday, hitting $69.04. 8,842,966 shares of the company traded hands, compared to its average volume of 11,358,661. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market cap of $141.98 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The stock has a fifty day moving average price of $70.72 and a 200-day moving average price of $76.69.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting 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, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.28%. NextEra Energy's payout ratio is presently 61.13%.

NextEra Energy 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.