Vision Financial Markets LLC Purchases Shares of 1,264 NextEra Energy, Inc. (NYSE:NEE)

Vision Financial Markets LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,264 shares of the utilities provider’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. boosted its position in NextEra Energy by 0.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 103,632 shares of the utilities provider’s stock valued at $7,429,000 after buying an additional 924 shares during the period. Arizona State Retirement System boosted its position in NextEra Energy by 1.0% in the 4th quarter. Arizona State Retirement System now owns 595,259 shares of the utilities provider’s stock valued at $42,674,000 after buying an additional 6,175 shares during the period. Verdence Capital Advisors LLC boosted its position in NextEra Energy by 2.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 32,321 shares of the utilities provider’s stock valued at $2,317,000 after buying an additional 866 shares during the period. Sound Financial Strategies Group LLC boosted its position in NextEra Energy by 45.1% in the 4th quarter. Sound Financial Strategies Group LLC now owns 11,469 shares of the utilities provider’s stock valued at $822,000 after buying an additional 3,563 shares during the period. Finally, Aigen Investment Management LP purchased a new position in NextEra Energy in the 4th quarter valued at approximately $1,424,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NEE shares. Morgan Stanley raised 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. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Down 0.5 %

NYSE NEE opened at $70.51 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market cap of $145.03 billion, a PE ratio of 20.92, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $55.26 and a one year high of $86.10. The firm’s fifty day moving average is $70.33 and its two-hundred day moving average is $76.16.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect 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. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.21%. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Company 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.