11,468 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Rossby Financial LCC

Rossby Financial LCC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,468 shares of the utilities provider’s stock, valued at approximately $822,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its position in NextEra Energy by 1.8% during 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 in the last quarter. SOA Wealth Advisors LLC. boosted its position in NextEra Energy by 3.1% in the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock valued at $1,842,000 after buying an additional 656 shares in the last quarter. Wealthquest Corp grew its position in NextEra Energy by 4.8% during the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 446 shares during the last quarter. Tudor Financial Inc. acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $742,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of NextEra Energy by 4.5% during the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock worth $4,411,000 after purchasing an additional 2,252 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Morgan Stanley increased their price objective 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. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Finally, Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.38.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 1.5 %

NextEra Energy stock opened at $65.72 on Monday. The business has a 50-day simple moving average of $69.89 and a two-hundred day simple moving average of $73.78. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week 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 company has a market cap of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its 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%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.45%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

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.