Boston Research & Management Inc. Has $5.36 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Boston Research & Management Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,722 shares of the utilities provider’s stock after buying an additional 823 shares during the quarter. Boston Research & Management Inc.’s holdings in NextEra Energy were worth $5,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the fourth quarter worth $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth $33,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the fourth quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth about $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.6 %

NextEra Energy stock opened at $70.44 on Monday. The business has a 50 day moving average price of $70.67 and a two-hundred day moving average price of $75.08. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The stock has a market cap of $144.90 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 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 year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Analysts Set New Price Targets

A number of research analysts have recently commented on NEE shares. Evercore ISI lowered their price objective 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. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $85.92.

Insider Activity at NextEra Energy

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 stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

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.