HFR Wealth Management LLC Acquires 1,799 Shares of NextEra Energy, Inc. (NYSE:NEE)

HFR Wealth Management LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 127,640 shares of the utilities provider’s stock after buying an additional 1,799 shares during the quarter. NextEra Energy comprises approximately 2.3% of HFR Wealth Management LLC’s portfolio, making the stock its 26th biggest position. HFR Wealth Management LLC’s holdings in NextEra Energy were worth $9,151,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NEE. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the 4th quarter worth about $44,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 2.1 %

Shares of NYSE:NEE opened at $71.64 on Tuesday. The stock has a 50 day moving average of $70.42 and a 200 day moving average of $76.25. The company has a market cap of $147.37 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting 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, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the business’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 transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was 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. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NEE. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank boosted their price target 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.