Xponance Inc. Buys 5,588 Shares of NextEra Energy, Inc. (NYSE:NEE)

Xponance Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,947 shares of the utilities provider's stock after purchasing an additional 5,588 shares during the quarter. Xponance Inc.'s holdings in NextEra Energy were worth $20,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Second Line Capital LLC boosted its stake in NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock worth $262,000 after purchasing an additional 139 shares during the period. Drive Wealth Management LLC boosted its stake in NextEra Energy by 2.8% in the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider's stock worth $451,000 after purchasing an additional 145 shares during the period. Accel Wealth Management boosted its stake 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 valued at $618,000 after buying an additional 145 shares during the period. L.M. Kohn & Company boosted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares during the period. Finally, 1ST Source Bank boosted its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock valued at $2,889,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

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Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Evercore ISI decreased 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. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday. Morgan Stanley lifted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.24 during trading hours on Friday, reaching $70.92. 15,780,329 shares of the stock were exchanged, compared to its average volume of 10,154,760. The stock has a 50 day moving average of $70.62 and a two-hundred day moving average of $75.56. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve 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 company has a market cap of $145.87 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results 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 return on equity of 11.85% and a net margin of 28.06%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was 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 currently 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was 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. The trade was 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 the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Company 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.