NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Cromwell Holdings LLC

Cromwell Holdings LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,234 shares of the utilities provider’s stock after buying an additional 211 shares during the quarter. Cromwell Holdings LLC’s holdings in NextEra Energy were worth $375,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC raised its holdings in NextEra Energy by 1.8% in the 3rd 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. Foundations Investment Advisors LLC grew its position in shares of NextEra Energy by 1.9% in the third quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock valued at $619,000 after purchasing an additional 138 shares during the period. Private Advisor Group LLC increased its stake in NextEra Energy by 1.9% in the third quarter. Private Advisor Group LLC now owns 228,202 shares of the utilities provider’s stock valued at $19,290,000 after purchasing an additional 4,220 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in NextEra Energy by 25.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 42,815 shares of the utilities provider’s stock worth $3,619,000 after buying an additional 8,737 shares during the period. Finally, Courier Capital LLC boosted its stake in NextEra Energy by 10.1% in the 3rd quarter. Courier Capital LLC now owns 27,660 shares of the utilities provider’s stock worth $2,338,000 after buying an additional 2,540 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.5 %

Shares of NEE opened at $70.12 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock’s 50-day moving average is $70.56 and its two-hundred day moving average is $76.59. 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 stock has a market cap of $144.23 billion, a PE ratio of 20.81, a P/E/G ratio of 2.39 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly 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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is 61.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley boosted their price objective 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. Finally, Evercore ISI cut 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.85.

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.