Cordatus Wealth Management LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Cordatus Wealth Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,520 shares of the utilities provider’s stock after buying an additional 816 shares during the period. Cordatus Wealth Management LLC’s holdings in NextEra Energy were worth $2,546,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC raised its holdings in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new position in NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.5 %

NEE stock opened at $70.12 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. 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 market capitalization of $144.23 billion, a P/E ratio of 20.81, a PEG ratio of 2.41 and a beta of 0.58. The firm has a 50 day simple moving average of $70.56 and a 200-day simple moving average of $76.59.

NextEra Energy (NYSE:NEE) last released 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%. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. 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. NextEra Energy’s payout ratio is currently 61.13%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NEE shares. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.85.

Insiders Place Their Bets

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 completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $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 is available through this link. 0.18% of the stock is currently owned by corporate 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.