Inspire Advisors LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Inspire Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,968 shares of the utilities provider’s stock after purchasing an additional 608 shares during the period. Inspire Advisors LLC’s holdings in NextEra Energy were worth $1,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SPX Gestao de Recursos Ltda purchased a new position in NextEra Energy in the fourth quarter worth $1,792,000. King Luther Capital Management Corp boosted its position in NextEra Energy by 1.2% in the fourth quarter. King Luther Capital Management Corp now owns 19,460 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 228 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in NextEra Energy by 3.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 197,638 shares of the utilities provider’s stock worth $14,169,000 after purchasing an additional 5,706 shares during the last quarter. Sage Mountain Advisors LLC raised its stake in shares of NextEra Energy by 5.0% in the fourth quarter. Sage Mountain Advisors LLC now owns 13,473 shares of the utilities provider’s stock valued at $966,000 after buying an additional 640 shares during the period. Finally, Riverbend Wealth Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $511,000. 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 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. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $76.14 on Tuesday. NextEra Energy, Inc. has a 52-week low of $56.55 and a 52-week high of $86.10. The business’s fifty day moving average is $70.39 and its 200 day moving average is $76.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market cap of $156.62 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted 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%. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.98%. 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%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Evercore ISI lowered their target price on 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. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. 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. lowered their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.85.

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.