Glaxis Capital Management LLC Buys Shares of 5,000 NextEra Energy, Inc. (NYSE:NEE)

Glaxis Capital Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, HoldingsChannel reports. The fund bought 5,000 shares of the utilities provider’s stock, valued at approximately $358,000. NextEra Energy comprises approximately 1.0% of Glaxis Capital Management LLC’s portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $28,000. Quarry LP acquired a new stake in shares of NextEra Energy during the third quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $44,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. 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 report on Thursday, December 12th. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price objective 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.92.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the 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 transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $74.04 on Wednesday. The firm has a market capitalization of $152.30 billion, a PE ratio of 21.97, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $56.55 and a twelve month high of $86.10. The firm’s 50-day moving average price is $70.43 and its 200 day moving average price is $75.97. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.06%. NextEra Energy’s dividend payout ratio is currently 67.06%.

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.