Financial Engines Advisors L.L.C. Buys 7,418 Shares of NextEra Energy, Inc. (NYSE:NEE)

Financial Engines Advisors L.L.C. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 149.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,375 shares of the utilities provider’s stock after acquiring an additional 7,418 shares during the period. Financial Engines Advisors L.L.C.’s holdings in NextEra Energy were worth $887,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NEE. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $44,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.5 %

Shares of NEE opened at $70.08 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The company has a market capitalization of $144.15 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.45 and a beta of 0.58. The firm’s 50 day simple moving average is $70.68 and its 200 day simple moving average is $75.27.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is 67.06%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NEE shares. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.92.

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.