Aviso Wealth Management Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Aviso Wealth Management increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 73.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,368 shares of the utilities provider’s stock after acquiring an additional 7,366 shares during the period. Aviso Wealth Management’s holdings in NextEra Energy were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its stake in shares of 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 valued at $25,293,000 after buying an additional 5,409 shares during the last quarter. Quest Partners LLC purchased a new position in NextEra Energy during the 3rd quarter valued at $183,000. Harvest Fund Management Co. Ltd grew its position in NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 571 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in NextEra Energy by 7.8% in the third quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 199 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of NextEra Energy by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock worth $2,852,000 after purchasing an additional 633 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $68.70 on Wednesday. NextEra Energy, Inc. has a 12 month low of $61.30 and a 12 month 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 stock has a market cap of $141.32 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 0.58. The company has a 50 day simple moving average of $70.70 and a two-hundred day simple moving average of $75.34.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting 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, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI lowered their target price 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. Scotiabank raised their price target 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, Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note 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. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price 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.