Exencial Wealth Advisors LLC Purchases 160 Shares of NextEra Energy, Inc. (NYSE:NEE)

Exencial Wealth Advisors LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,080 shares of the utilities provider’s stock after purchasing an additional 160 shares during the period. Exencial Wealth Advisors LLC’s holdings in NextEra Energy were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $1,624,000. Catalyst Capital Advisors LLC lifted its stake in shares of NextEra Energy by 21.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the utilities provider’s stock valued at $165,000 after buying an additional 338 shares in the last quarter. United Advisor Group LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $235,000. Finally, Pittenger & Anderson Inc. lifted its stake in shares of NextEra Energy by 11.6% during the 3rd quarter. Pittenger & Anderson Inc. now owns 15,602 shares of the utilities provider’s stock valued at $1,319,000 after buying an additional 1,625 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.51 on Thursday. The company’s fifty day moving average price is $70.33 and its 200-day moving average price is $76.16. The firm has a market capitalization of $145.03 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $55.26 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.21%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the 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 owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank upped 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 note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.85.

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.