Rockbridge Investment Management LCC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Rockbridge Investment Management LCC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 29.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,610 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the period. Rockbridge Investment Management LCC’s holdings in NextEra Energy were worth $474,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NEE. Howe & Rusling Inc. increased its holdings in shares of NextEra Energy by 1.9% in the fourth quarter. Howe & Rusling Inc. now owns 101,574 shares of the utilities provider’s stock worth $7,282,000 after purchasing an additional 1,926 shares during the period. AssuredPartners Investment Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $2,212,000. NEOS Investment Management LLC increased its stake in NextEra Energy by 37.7% in the 4th quarter. NEOS Investment Management LLC now owns 130,237 shares of the utilities provider’s stock worth $9,337,000 after acquiring an additional 35,687 shares during the last quarter. Sava Infond d.o.o. purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $1,693,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of NextEra Energy by 7.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,421,352 shares of the utilities provider’s stock valued at $246,303,000 after acquiring an additional 246,777 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $69.66 on Thursday. The company has a market capitalization of $143.28 billion, a P/E ratio of 20.67, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week 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 has a 50 day moving average price of $70.70 and a two-hundred day moving average price of $75.30.

NextEra Energy (NYSE:NEE) last issued 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 net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.25%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI reduced their target price 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. Finally, Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company 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.