Ashton Thomas Securities LLC Has $634,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Ashton Thomas Securities LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,789 shares of the utilities provider’s stock after buying an additional 480 shares during the quarter. Ashton Thomas Securities LLC’s holdings in NextEra Energy were worth $634,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Second Line Capital LLC raised its holdings in shares of NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 139 shares during the last quarter. Accel Wealth Management grew 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 purchasing an additional 145 shares in the last quarter. L.M. Kohn & Company increased its stake in NextEra Energy by 1.0% in 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 last quarter. 1ST Source Bank lifted its position in NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted 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 buying an additional 149 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $68.70 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.30 and a 1 year high of $86.10. 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 company has a market capitalization of $141.32 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business has a fifty day simple moving average of $70.70 and a 200 day simple moving average of $75.34.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current 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 given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley increased their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.92.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

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.