Murphy & Mullick Capital Management Corp Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Murphy & Mullick Capital Management Corp acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,491 shares of the utilities provider’s stock, valued at approximately $322,000.

A number of other institutional investors have also made changes to their positions in NEE. Burkett Financial Services LLC grew its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter valued at $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $44,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $68.70 on Wednesday. The firm has a market cap of $141.32 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm’s 50-day simple moving average is $70.70 and its 200-day simple moving average is $75.34. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

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, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Scotiabank boosted 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. BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI cut their target price on shares of 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. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.92.

Insider Buying and Selling at NextEra Energy

In related 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 sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.