Axxcess Wealth Management LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Axxcess Wealth Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,818 shares of the utilities provider’s stock after purchasing an additional 829 shares during the quarter. Axxcess Wealth Management LLC’s holdings in NextEra Energy were worth $7,801,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aspen Wealth Strategies LLC grew its stake in shares of NextEra Energy by 25.8% during the fourth quarter. Aspen Wealth Strategies LLC now owns 7,370 shares of the utilities provider’s stock valued at $528,000 after acquiring an additional 1,511 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $363,000. Wealth Architects LLC grew its stake in shares of 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 acquiring an additional 221 shares in the last quarter. 1ST Source Bank grew its stake in shares of 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 acquiring an additional 582 shares in the last quarter. Finally, TCTC Holdings LLC grew its stake in shares of 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 acquiring an additional 2,325 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred 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 in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $72.15 on Tuesday. NextEra Energy, Inc. has a 12 month low of $59.44 and a 12 month high of $86.10. The stock has a market cap of $148.41 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.58. The stock’s 50 day moving average price is $70.54 and its 200 day moving average price is $75.77. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.14%. NextEra Energy’s payout ratio is 67.06%.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.92.

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.