NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC increased its position in NextEra Energy, Inc. (NYSE:NEE) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,632 shares of the utilities provider’s stock after acquiring an additional 6,849 shares during the period. Sowell Financial Services LLC’s holdings in NextEra Energy were worth $2,124,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $36,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 571 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. 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. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Scotiabank raised 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 note on Thursday, December 12th. Eight 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 currently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.86 on Monday. NextEra Energy, Inc. has a twelve month low of $56.31 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 50-day moving average of $70.30 and a 200-day moving average of $76.03. The firm has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.11%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.