NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,629 shares of the utilities provider’s stock after acquiring an additional 717 shares during the quarter. Evoke Wealth LLC’s holdings in NextEra Energy were worth $977,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC boosted its position in 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 worth $25,293,000 after acquiring an additional 5,409 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in NextEra Energy during the third quarter worth approximately $406,000. Empowered Funds LLC boosted its holdings in shares of NextEra Energy by 8.1% in the 3rd quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after purchasing an additional 2,974 shares during the last quarter. Quest Partners LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $183,000. Finally, Pathstone Holdings LLC boosted its holdings in shares of NextEra Energy by 4.4% in the 3rd quarter. Pathstone Holdings LLC now owns 285,590 shares of the utilities provider’s stock valued at $24,141,000 after purchasing an additional 11,971 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NEE shares. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.92.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the business’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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.63 on Wednesday. NextEra Energy, Inc. has a 12-month low of $60.26 and a 12-month high of $86.10. The company has a market capitalization of $145.28 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm’s fifty day moving average price is $70.54 and its 200 day moving average price is $75.70.

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

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.21%. NextEra Energy’s payout ratio is 67.06%.

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.