SBI Securities Co. Ltd. Makes New $1.28 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

SBI Securities Co. Ltd. purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,883 shares of the utilities provider’s stock, valued at approximately $1,282,000.

Several other institutional investors have also made changes to their positions in NEE. Jones Financial Companies Lllp boosted its position in NextEra Energy by 39.4% during the fourth quarter. Jones Financial Companies Lllp now owns 517,926 shares of the utilities provider’s stock valued at $37,130,000 after purchasing an additional 146,407 shares during the last quarter. Modera Wealth Management LLC raised its stake in shares of NextEra Energy by 11.0% during the 4th quarter. Modera Wealth Management LLC now owns 44,108 shares of the utilities provider’s stock worth $3,162,000 after purchasing an additional 4,387 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of NextEra Energy by 225.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 12,782 shares of the utilities provider’s stock valued at $916,000 after buying an additional 8,860 shares during the last quarter. IFG Advisors LLC grew its stake in shares of NextEra Energy by 13.0% in the 4th quarter. IFG Advisors LLC now owns 3,294 shares of the utilities provider’s stock valued at $236,000 after buying an additional 380 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in NextEra Energy in the fourth quarter worth approximately $104,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Scotiabank lifted their target price 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. Evercore ISI reduced their price objective on shares of 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. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Trading Up 2.1 %

Shares of NextEra Energy stock opened at $71.64 on Tuesday. The company has a market cap of $147.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company’s fifty day simple moving average is $70.42 and its 200-day simple moving average is $76.25. 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 (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.5665 dividend. 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. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy’s dividend payout ratio is 67.06%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.