NextEra Energy, Inc. (NYSE:NEE) Position Raised by PDS Planning Inc

PDS Planning Inc increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,971 shares of the utilities provider’s stock after buying an additional 667 shares during the quarter. PDS Planning Inc’s holdings in NextEra Energy were worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its holdings in shares of 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 in the last quarter. GSA Capital Partners LLP bought a new position in shares of NextEra Energy in the third quarter valued at $406,000. Empowered Funds LLC increased its holdings in shares of NextEra Energy by 8.1% in the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after buying an additional 2,974 shares in the last quarter. Atlanta Consulting Group Advisors LLC increased its holdings in shares of NextEra Energy by 6.8% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 6,976 shares of the utilities provider’s stock valued at $590,000 after buying an additional 443 shares in the last quarter. Finally, TrinityPoint Wealth LLC increased its holdings in shares of NextEra Energy by 2.7% in the third quarter. TrinityPoint Wealth LLC now owns 24,339 shares of the utilities provider’s stock valued at $2,057,000 after buying an additional 642 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.9 %

NextEra Energy stock opened at $72.15 on Tuesday. The company’s fifty day simple moving average is $70.54 and its 200-day simple moving average is $75.77. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $59.44 and a 12 month high of $86.10. The stock has a market cap of $148.41 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.14%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI dropped 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. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.92.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction 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 of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

About NextEra Energy

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.