Natural Investments LLC Buys New Stake in NextEra Energy, Inc. (NYSE:NEE)

Natural Investments LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,750 shares of the utilities provider’s stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AGF Management Ltd. boosted its holdings in NextEra Energy by 62.2% in the 4th quarter. AGF Management Ltd. now owns 1,167,469 shares of the utilities provider’s stock valued at $83,696,000 after purchasing an additional 447,663 shares during the period. Fairway Wealth LLC bought a new stake in NextEra Energy in the 4th quarter valued at $55,000. Inspire Advisors LLC lifted its holdings in shares of NextEra Energy by 4.6% during the 4th quarter. Inspire Advisors LLC now owns 13,968 shares of the utilities provider’s stock worth $1,001,000 after acquiring an additional 608 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of NextEra Energy during the 4th quarter worth about $1,792,000. Finally, King Luther Capital Management Corp lifted its holdings in shares of NextEra Energy by 1.2% during the 4th quarter. King Luther Capital Management Corp now owns 19,460 shares of the utilities provider’s stock worth $1,395,000 after acquiring an additional 228 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $74.04 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a twelve month low of $56.55 and a twelve month high of $86.10. The firm’s 50 day moving average price is $70.43 and its two-hundred day moving average price is $75.97. The firm has a market cap of $152.30 billion, a P/E ratio of 21.97, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS 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. Stockholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI reduced 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 report on Monday, January 27th. 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. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.92.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s 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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.