NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,671 shares of the utilities provider’s stock after purchasing an additional 6,247 shares during the quarter. Wedbush Securities Inc.’s holdings in NextEra Energy were worth $4,134,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NEE. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in NextEra Energy by 15.6% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,641 shares of the utilities provider’s stock worth $1,121,000 after buying an additional 2,113 shares during the last quarter. Aviva PLC raised its position in shares of NextEra Energy by 0.4% during the 4th quarter. Aviva PLC now owns 1,636,664 shares of the utilities provider’s stock worth $117,332,000 after acquiring an additional 6,831 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in NextEra Energy during the fourth quarter worth approximately $1,373,000. Oarsman Capital Inc. increased its stake in NextEra Energy by 12.0% in the fourth quarter. Oarsman Capital Inc. now owns 1,873 shares of the utilities provider’s stock valued at $134,000 after purchasing an additional 201 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in NextEra Energy during the fourth quarter worth approximately $43,776,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Scotiabank raised 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. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $66.97 on Friday. 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 50-day moving average price of $70.65 and a 200 day moving average price of $74.73. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The company has a market cap of $137.75 billion, a P/E ratio of 19.87, a PEG 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 earnings per share 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%. Research 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.38%. NextEra Energy’s payout ratio is currently 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.