one8zero8 LLC Acquires Shares of 6,896 NextEra Energy, Inc. (NYSE:NEE)

one8zero8 LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,896 shares of the utilities provider’s stock, valued at approximately $494,000.

Several other large investors have also recently modified their holdings of NEE. Choate Investment Advisors grew its stake in NextEra Energy by 4.3% in the 4th quarter. Choate Investment Advisors now owns 53,270 shares of the utilities provider’s stock valued at $3,819,000 after buying an additional 2,210 shares in the last quarter. Natixis Advisors LLC grew its position in shares of NextEra Energy by 0.4% in the fourth quarter. Natixis Advisors LLC now owns 941,088 shares of the utilities provider’s stock valued at $67,467,000 after purchasing an additional 4,190 shares in the last quarter. Harbour Investment Management LLC raised its stake in shares of NextEra Energy by 0.7% during the 4th quarter. Harbour Investment Management LLC now owns 43,319 shares of the utilities provider’s stock valued at $3,106,000 after purchasing an additional 303 shares during the period. Clearstead Trust LLC lifted its holdings in NextEra Energy by 37.3% during the 4th quarter. Clearstead Trust LLC now owns 23,762 shares of the utilities provider’s stock worth $1,703,000 after purchasing an additional 6,456 shares in the last quarter. Finally, Hills Bank & Trust Co lifted its holdings in NextEra Energy by 6.9% during the 4th quarter. Hills Bank & Trust Co now owns 19,550 shares of the utilities provider’s stock worth $1,402,000 after purchasing an additional 1,260 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $73.59 on Monday. The firm has a market capitalization of $151.37 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $59.44 and a 12 month high of $86.10. The business’s 50-day moving average price is $70.51 and its 200-day moving average price is $75.82.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.08%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated 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 sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NEE shares. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.92.

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.