Cabot Wealth Management Inc. Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cabot Wealth Management Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,088 shares of the utilities provider’s stock after buying an additional 427 shares during the quarter. Cabot Wealth Management Inc.’s holdings in NextEra Energy were worth $1,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at about $27,000. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $28,000. Quarry LP acquired a new position in NextEra Energy in the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NEE. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight equities 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 currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $71.74 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market cap of $147.56 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock’s 50-day moving average is $70.53 and its two-hundred day moving average is $76.56. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s 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 transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

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.