Paragon Private Wealth Management LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Paragon Private Wealth Management LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,902 shares of the utilities provider’s stock after acquiring an additional 282 shares during the period. Paragon Private Wealth Management LLC’s holdings in NextEra Energy were worth $1,857,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% in the 4th 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 stake in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter valued at $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, 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 at the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research note 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. Finally, Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Trading Up 4.1 %

Shares of NextEra Energy stock opened at $72.86 on Monday. The company has a market capitalization of $149.88 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a fifty day moving average of $70.30 and a 200 day moving average of $76.03. NextEra Energy, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released 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, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. 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 67.06%.

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.