NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,882 shares of the utilities provider’s stock after purchasing an additional 2,305 shares during the period. Arcadia Investment Management Corp MI’s holdings in NextEra Energy were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.5 %

NextEra Energy stock opened at $70.12 on Friday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The stock has a 50 day moving average of $70.56 and a two-hundred day moving average of $76.59. 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 stock has a market capitalization of $144.23 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.41 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis 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 dividend payout ratio (DPR) is presently 61.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the firm’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 sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. 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 insiders.

NextEra Energy Company 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.