NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,703 shares of the utilities provider’s stock after buying an additional 352 shares during the period. Prestige Wealth Management Group LLC’s holdings in NextEra Energy were worth $552,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI reduced their target price 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. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley increased their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Stock Down 1.2 %

NEE stock opened at $70.02 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. The company has a market cap of $144.03 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.45 and a beta of 0.58. The company’s 50-day moving average price is $70.68 and its 200 day moving average price is $75.42. 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 issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 directly 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.