Signature Estate & Investment Advisors LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Signature Estate & Investment Advisors LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 849,593 shares of the utilities provider’s stock after purchasing an additional 56,813 shares during the period. NextEra Energy accounts for approximately 1.5% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Signature Estate & Investment Advisors LLC’s holdings in NextEra Energy were worth $60,907,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Howard Capital Management Group LLC lifted its holdings in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares during the period. Quest Partners LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $183,000. Swedbank AB boosted its position in shares of NextEra Energy by 33.2% during the third quarter. Swedbank AB now owns 661,623 shares of the utilities provider’s stock valued at $55,927,000 after purchasing an additional 164,737 shares in the last quarter. Larson Financial Group LLC grew its stake in NextEra Energy by 55.7% in the third quarter. Larson Financial Group LLC now owns 11,389 shares of the utilities provider’s stock worth $963,000 after purchasing an additional 4,076 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in NextEra Energy by 2.2% in the third quarter. Westfield Capital Management Co. LP now owns 109,154 shares of the utilities provider’s stock worth $9,227,000 after purchasing an additional 2,304 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI dropped their price target 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. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Stock Down 1.2 %

NEE opened at $70.02 on Tuesday. The stock has a market capitalization of $144.03 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.45 and a beta of 0.58. The firm has a 50 day moving average price of $70.68 and a 200-day moving average price of $75.42. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve month 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.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.24%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Activity

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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

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.