Ritter Daniher Financial Advisory LLC DE Buys 250 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ritter Daniher Financial Advisory LLC DE boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,713 shares of the utilities provider’s stock after acquiring an additional 250 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in NextEra Energy were worth $911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Waterloo Capital L.P. grew its holdings in NextEra Energy by 4.9% during the 4th quarter. Waterloo Capital L.P. now owns 22,555 shares of the utilities provider’s stock worth $1,617,000 after acquiring an additional 1,049 shares during the period. Peapack Gladstone Financial Corp boosted its position in shares of NextEra Energy by 1.6% during the 4th quarter. Peapack Gladstone Financial Corp now owns 472,657 shares of the utilities provider’s stock valued at $33,884,000 after purchasing an additional 7,219 shares in the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $941,000. Ilmarinen Mutual Pension Insurance Co grew its stake in NextEra Energy by 2.6% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 339,356 shares of the utilities provider’s stock worth $24,328,000 after purchasing an additional 8,500 shares during the period. Finally, Hemenway Trust Co LLC increased its holdings in NextEra Energy by 6.7% in the fourth quarter. Hemenway Trust Co LLC now owns 103,980 shares of the utilities provider’s stock worth $7,454,000 after purchasing an additional 6,547 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other 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 transaction of $162,258.47. Following the transaction, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Down 7.2 %

NEE stock opened at $66.97 on Friday. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The stock has a market cap of $137.75 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58. The stock’s fifty day simple moving average is $70.65 and its two-hundred day simple moving average is $74.65. 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 issued its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

NextEra Energy 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.