Brown Financial Advisors Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Brown Financial Advisors grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,558 shares of the utilities provider’s stock after buying an additional 1,554 shares during the period. Brown Financial Advisors’ holdings in NextEra Energy were worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NEE. Blackhawk Capital Partners LLC. increased its position in NextEra Energy by 15.5% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 16,372 shares of the utilities provider’s stock valued at $1,174,000 after acquiring an additional 2,201 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of NextEra Energy by 2.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 59,751 shares of the utilities provider’s stock valued at $4,284,000 after purchasing an additional 1,168 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of NextEra Energy in the 4th quarter valued at approximately $1,885,000. Impax Asset Management Group plc increased its holdings in shares of NextEra Energy by 68.7% in the fourth quarter. Impax Asset Management Group plc now owns 32,406 shares of the utilities provider’s stock valued at $2,323,000 after purchasing an additional 13,199 shares during the period. Finally, Holistic Financial Partners raised its stake in shares of NextEra Energy by 5.5% during the fourth quarter. Holistic Financial Partners now owns 4,083 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Down 1.2 %

NEE stock opened at $70.72 on Tuesday. 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 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $145.48 billion, a PE ratio of 20.99, a P/E/G ratio of 2.45 and a beta of 0.58. The company’s 50 day simple moving average is $70.48 and its 200-day simple moving average is $76.50.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy’s payout ratio is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy 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.