Burns J W & Co. Inc. NY Purchases 561 Shares of NextEra Energy, Inc. (NYSE:NEE)

Burns J W & Co. Inc. NY raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,255 shares of the utilities provider’s stock after acquiring an additional 561 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in NextEra Energy were worth $1,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Burkett Financial Services LLC increased its holdings in 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 acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of NextEra Energy in the third quarter worth $39,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Trading Down 0.8 %

NYSE NEE traded down $0.53 during trading on Monday, hitting $66.85. The stock had a trading volume of 16,950,916 shares, compared to its average volume of 9,632,746. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a 50 day simple moving average of $74.23 and a 200 day simple moving average of $77.32. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a market capitalization of $137.47 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.