MSH Capital Advisors LLC Acquires Shares of 6,303 NextEra Energy, Inc. (NYSE:NEE)

MSH Capital Advisors LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,303 shares of the utilities provider’s stock, valued at approximately $452,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $3,484,197,000. Boston Partners acquired a new stake in NextEra Energy during the 4th quarter valued at $244,169,000. Amundi raised its position in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. California Public Employees Retirement System boosted its stake in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after purchasing an additional 2,517,369 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of NextEra Energy by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock worth $578,164,000 after purchasing an additional 2,499,011 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $65.64 on Thursday. The stock has a market cap of $135.13 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock’s 50-day moving average price is $69.78 and its two-hundred day moving average price is $73.56. 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 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated 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 in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley cut their price target on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Finally, BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.15.

About NextEra Energy

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.