Reaves W H & Co. Inc. Acquires 158,783 Shares of NextEra Energy, Inc. (NYSE:NEE)

Reaves W H & Co. Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,665,627 shares of the utilities provider’s stock after acquiring an additional 158,783 shares during the period. NextEra Energy accounts for about 3.2% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 8th largest holding. Reaves W H & Co. Inc.’s holdings in NextEra Energy were worth $119,408,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC boosted its holdings in shares of 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 purchasing 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 $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth $36,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after buying an additional 571 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.1 %

NYSE:NEE opened at $71.64 on Tuesday. The company has a market capitalization of $147.37 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a 50-day simple moving average of $70.42 and a 200 day simple moving average of $76.25. 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 (NYSE:NEE) last posted 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 return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts predict 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. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred 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 $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.85.

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.