Noesis Capital Mangement Corp Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Noesis Capital Mangement Corp grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 155,244 shares of the utilities provider’s stock after acquiring an additional 892 shares during the period. NextEra Energy comprises 2.1% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 19th biggest holding. Noesis Capital Mangement Corp’s holdings in NextEra Energy were worth $11,129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI dropped 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 report on Monday, January 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Up 1.1 %

NYSE NEE opened at $70.17 on Friday. 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, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market capitalization of $144.34 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm has a 50 day moving average of $70.44 and a two-hundred day moving average of $76.32.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. As a group, research 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 will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is a boost 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 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is presently 67.06%.

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.