Laffer Tengler Investments Inc. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Laffer Tengler Investments Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 39.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 61,572 shares of the utilities provider’s stock after purchasing an additional 17,453 shares during the period. Laffer Tengler Investments Inc.’s holdings in NextEra Energy were worth $4,414,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEE. Alley Investment Management Company LLC increased its stake in shares of NextEra Energy by 2.7% in the 4th quarter. Alley Investment Management Company LLC now owns 195,739 shares of the utilities provider’s stock worth $14,033,000 after acquiring an additional 5,182 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in NextEra Energy by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider’s stock worth $866,000 after purchasing an additional 160 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of NextEra Energy by 89.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 62,876 shares of the utilities provider’s stock valued at $4,512,000 after purchasing an additional 29,662 shares in the last quarter. Synergy Investment Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $61,000. Finally, Nicola Wealth Management LTD. boosted its position in shares of NextEra Energy by 13.6% in the 4th quarter. Nicola Wealth Management LTD. now owns 46,000 shares of the utilities provider’s stock worth $3,298,000 after purchasing an additional 5,500 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.1 %

NYSE:NEE opened at $70.85 on Wednesday. The company has a market cap of $145.74 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a 50 day simple moving average of $70.38 and a two-hundred day simple moving average of $76.20. NextEra Energy, Inc. has a 12 month low of $54.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Evercore ISI dropped 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 research note on Monday, January 27th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group dropped 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.