RFG Bristol Wealth Advisors LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

RFG Bristol Wealth Advisors LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,867 shares of the utilities provider’s stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley raised their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price 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. Finally, Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company 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 company. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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 $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $70.90 on Wednesday. The firm has a market capitalization of $145.85 billion, a P/E ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average of $70.67 and a 200-day moving average of $74.90. 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.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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 analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. 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 yield of 3.20%. NextEra Energy’s payout ratio is presently 67.06%.

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.