Aspen Wealth Strategies LLC Buys 1,511 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aspen Wealth Strategies LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,370 shares of the utilities provider’s stock after purchasing an additional 1,511 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in NextEra Energy were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $363,000. Wealth Architects LLC boosted its position in NextEra Energy by 4.8% during the fourth quarter. Wealth Architects LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 221 shares in the last quarter. 1ST Source Bank boosted its position in NextEra Energy by 1.7% during the fourth quarter. 1ST Source Bank now owns 34,760 shares of the utilities provider’s stock valued at $2,492,000 after purchasing an additional 582 shares in the last quarter. TCTC Holdings LLC boosted its position in NextEra Energy by 0.7% during the fourth quarter. TCTC Holdings LLC now owns 346,306 shares of the utilities provider’s stock valued at $24,827,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in NextEra Energy by 0.7% in the fourth quarter. Parallel Advisors LLC now owns 137,034 shares of the utilities provider’s stock worth $9,824,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NEE shares. Evercore ISI lowered their price target on 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 target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $85.92.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 1.9 %

Shares of NEE stock opened at $72.15 on Tuesday. The stock has a 50 day moving average of $70.54 and a 200 day moving average of $75.77. 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 stock has a market cap of $148.41 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $59.44 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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 return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 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.