Seven Mile Advisory Purchases 250 Shares of NextEra Energy, Inc. (NYSE:NEE)

Seven Mile Advisory boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,393 shares of the utilities provider’s stock after purchasing an additional 250 shares during the quarter. Seven Mile Advisory’s holdings in NextEra Energy were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NEE. Howard Capital Management Group LLC lifted its stake 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 valued at $25,293,000 after buying an additional 5,409 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in NextEra Energy in the third quarter worth $477,000. Hantz Financial Services Inc. boosted its position in shares of NextEra Energy by 1.0% during the third quarter. Hantz Financial Services Inc. now owns 30,417 shares of the utilities provider’s stock worth $2,571,000 after purchasing an additional 296 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of NextEra Energy by 29.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,249,794 shares of the utilities provider’s stock valued at $105,645,000 after buying an additional 283,587 shares during the period. Finally, Acropolis Investment Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $108,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.6 %

Shares of NextEra Energy stock opened at $70.44 on Monday. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-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. The business’s 50 day moving average is $70.67 and its 200-day moving average is $75.08. The stock has a market cap of $144.90 billion, a P/E ratio of 20.90, a P/E/G 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 predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note 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, the company presently has an average rating of “Hold” and an average price target of $85.92.

Insider Buying and Selling at NextEra Energy

In other 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 value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.