Tower Bridge Advisors Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Tower Bridge Advisors increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,254 shares of the utilities provider’s stock after buying an additional 9,465 shares during the quarter. Tower Bridge Advisors’ holdings in NextEra Energy were worth $5,753,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares in the last quarter. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Empower Advisory Group LLC lifted its position in NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares in the last quarter. Swiss National Bank lifted its position in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares in the last quarter. Finally, Czech National Bank raised its position in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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 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. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. 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 report on Monday, January 27th. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

NEE stock opened at $70.17 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $144.34 billion, a PE ratio of 20.82, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s fifty day moving average price is $70.44 and its 200 day moving average price is $76.32.

NextEra Energy (NYSE:NEE) last released 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 return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. 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.