NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Biltmore Family Office LLC

Biltmore Family Office LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,425 shares of the utilities provider’s stock after buying an additional 605 shares during the period. Biltmore Family Office LLC’s holdings in NextEra Energy were worth $532,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter worth approximately $33,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.92.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $70.46 on Thursday. The stock has a 50 day moving average of $70.71 and a two-hundred day moving average of $74.87. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The firm has a market cap of $144.94 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. 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 posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. 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 3.22%. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

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.