Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,141 shares of the utilities provider's stock, valued at approximately $941,000. NextEra Energy makes up about 3.1% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the fourth quarter worth $36,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade 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 is available through this link. Company insiders own 0.18% of the company's stock.

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Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank increased their price objective 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. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Stock Down 0.9 %

Shares of NEE stock traded down $0.63 on Friday, hitting $66.09. The stock had a trading volume of 4,314,676 shares, compared to its average volume of 10,787,351. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. The business has a 50 day moving average price of $69.98 and a 200 day moving average price of $73.98. The company has a market cap of $136.06 billion, a PE ratio of 19.59, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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%. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

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.