WealthTrak Capital Management LLC Purchases Shares of 466 NextEra Energy, Inc. (NYSE:NEE)

WealthTrak Capital Management LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 466 shares of the utilities provider’s stock, valued at approximately $33,000.

Several other institutional investors also recently modified their holdings of NEE. Howard Capital Management Group LLC boosted its stake in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. Loomis Sayles & Co. L P lifted its holdings in NextEra Energy by 7.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 199 shares during the last quarter. Townsquare Capital LLC boosted its position in NextEra Energy by 37.4% during the third quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider’s stock worth $3,943,000 after purchasing an additional 12,689 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of NextEra Energy in the third quarter valued at $477,000. Finally, CreativeOne Wealth LLC raised its position in shares of NextEra Energy by 33.6% in the third quarter. CreativeOne Wealth LLC now owns 26,608 shares of the utilities provider’s stock valued at $2,249,000 after purchasing an additional 6,698 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.44 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $144.90 billion, a PE ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. The firm has a 50 day moving average of $70.67 and a 200-day moving average of $75.19. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results 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%. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several analysts recently commented on NEE shares. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. 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 report on Monday, January 27th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Morgan Stanley upped their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.