NextEra Energy, Inc. (NYSE:NEE) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,698 shares of the utilities provider’s stock after acquiring an additional 3,575 shares during the quarter. NextEra Energy accounts for approximately 1.1% of SlateStone Wealth LLC’s holdings, making the stock its 25th largest position. SlateStone Wealth LLC’s holdings in NextEra Energy were worth $10,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First National Advisers LLC boosted its position in NextEra Energy by 3.1% during the 4th quarter. First National Advisers LLC now owns 84,439 shares of the utilities provider’s stock valued at $6,053,000 after purchasing an additional 2,517 shares during the period. GWN Securities Inc. acquired a new position in NextEra Energy during the 4th quarter valued at approximately $2,059,000. Glenview Trust co raised its stake in NextEra Energy by 2.7% during the 4th quarter. Glenview Trust co now owns 232,452 shares of the utilities provider’s stock valued at $16,664,000 after acquiring an additional 6,082 shares in the last quarter. Harbour Investments Inc. raised its stake in NextEra Energy by 22.5% during the 4th quarter. Harbour Investments Inc. now owns 21,230 shares of the utilities provider’s stock valued at $1,522,000 after acquiring an additional 3,895 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in NextEra Energy by 3.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 21,917 shares of the utilities provider’s stock valued at $1,571,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEE. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Performance

Shares of NEE stock opened at $73.59 on Friday. NextEra Energy, Inc. has a 1-year low of $59.44 and a 1-year high of $86.10. 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 company has a market capitalization of $151.37 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58. The stock’s fifty day simple moving average is $70.51 and its 200-day simple moving average is $75.85.

NextEra Energy (NYSE:NEE) last issued 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 return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

NextEra Energy Company 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.