Forvis Mazars Wealth Advisors LLC Buys 206 Shares of NextEra Energy, Inc. (NYSE:NEE)

Forvis Mazars Wealth Advisors LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,586 shares of the utilities provider’s stock after acquiring an additional 206 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in NextEra Energy were worth $2,479,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its position 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 valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. Evercore ISI lowered 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 objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 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. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $71.74 on Monday. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.45 and a beta of 0.58. The business has a 50-day moving average price of $70.53 and a two-hundred day moving average price of $76.55.

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%. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced 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. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy’s dividend payout ratio is presently 67.06%.

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.