SPX Gestao de Recursos Ltda Purchases New Holdings in NextEra Energy, Inc. (NYSE:NEE)

SPX Gestao de Recursos Ltda purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,000 shares of the utilities provider’s stock, valued at approximately $1,792,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

NEE stock opened at $76.14 on Tuesday. NextEra Energy, Inc. has a 1 year low of $56.55 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock’s 50 day moving average price is $70.39 and its 200 day moving average price is $76.01. The firm has a market cap of $156.62 billion, a P/E ratio of 22.59, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its 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%. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.98%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is presently 67.06%.

NextEra Energy Company 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.