LVM Capital Management Ltd. MI Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

LVM Capital Management Ltd. MI increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,192 shares of the utilities provider’s stock after purchasing an additional 228 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in NextEra Energy were worth $1,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Wealth Partners LLC grew its holdings in NextEra Energy by 835.2% during the 4th quarter. ORG Wealth Partners LLC now owns 4,947 shares of the utilities provider’s stock valued at $355,000 after buying an additional 4,418 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after acquiring an additional 9,425 shares in the last quarter. ORG Partners LLC grew its stake in NextEra Energy by 19.0% during the fourth quarter. ORG Partners LLC now owns 3,377 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 540 shares in the last quarter. Legacy Private Trust Co. increased its holdings in NextEra Energy by 6.9% during the 4th quarter. Legacy Private Trust Co. now owns 14,755 shares of the utilities provider’s stock worth $1,058,000 after acquiring an additional 950 shares during the period. Finally, Private Client Services LLC lifted its stake in NextEra Energy by 5.0% in the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 161 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays lifted their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Finally, Scotiabank lifted their target price 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. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Trading Down 4.3 %

NextEra Energy stock traded down $3.02 during mid-day trading on Friday, hitting $67.64. The company’s stock had a trading volume of 7,397,594 shares, compared to its average volume of 6,866,881. The business has a 50 day moving average price of $74.43 and a 200-day moving average price of $77.31. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market cap of $139.10 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio is 60.95%.

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.