Bouchey Financial Group Ltd Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Bouchey Financial Group Ltd grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,259 shares of the utilities provider’s stock after acquiring an additional 996 shares during the quarter. Bouchey Financial Group Ltd’s holdings in NextEra Energy were worth $449,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NEE. Burkett Financial Services LLC increased its stake 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 buying an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore ISI reduced their price target on 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. Morgan Stanley upped 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. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank upped 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 2.1 %

NYSE NEE opened at $69.52 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market cap of $143.00 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.45 and a beta of 0.58. The stock’s fifty day moving average price is $70.47 and its 200-day moving average price is $76.37. 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 (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 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 the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.