J.Safra Asset Management Corp Raises Position in NextEra Energy, Inc. (NYSE:NEE)

J.Safra Asset Management Corp increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 36.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,569 shares of the utilities provider’s stock after buying an additional 1,492 shares during the period. J.Safra Asset Management Corp’s holdings in NextEra Energy were worth $400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC raised its holdings 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 in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new stake in NextEra Energy in the third quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $36,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.1 %

NYSE:NEE opened at $70.85 on Wednesday. The company has a fifty day moving average of $70.38 and a 200 day moving average of $76.20. NextEra Energy, Inc. has a 52 week low of $54.95 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $145.74 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NEE shares. 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. Scotiabank raised their price target 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. Evercore ISI decreased their price objective 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. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.85.

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.