Impact Capital Partners LLC Makes New $2.23 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

Impact Capital Partners LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 31,056 shares of the utilities provider’s stock, valued at approximately $2,226,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Second Line Capital LLC raised its position in 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. Drive Wealth Management LLC boosted its position in NextEra Energy by 2.8% during the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after buying an additional 145 shares during the period. Accel Wealth Management increased its position in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after acquiring an additional 145 shares during the period. L.M. Kohn & Company lifted its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares during the period. Finally, 1ST Source Bank grew its stake in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $73.03 on Thursday. The company’s 50-day moving average is $70.46 and its 200-day moving average is $75.95. NextEra Energy, Inc. has a 1 year low of $58.88 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 stock has a market capitalization of $150.23 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.10%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Insiders Place Their Bets

In related 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 transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NEE shares. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday. Scotiabank lifted 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. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI dropped their price target on shares of 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. Finally, Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.92.

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.