NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Alta Advisers Ltd

Alta Advisers Ltd raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,870 shares of the utilities provider’s stock after purchasing an additional 1,370 shares during the quarter. Alta Advisers Ltd’s holdings in NextEra Energy were worth $493,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. IHT Wealth Management LLC boosted its holdings in NextEra Energy by 1.2% in the fourth quarter. IHT Wealth Management LLC now owns 52,805 shares of the utilities provider’s stock worth $3,786,000 after purchasing an additional 638 shares during the period. Senator Investment Group LP lifted its position in shares of NextEra Energy by 4.6% in the 4th quarter. Senator Investment Group LP now owns 444,629 shares of the utilities provider’s stock worth $31,875,000 after buying an additional 19,629 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its holdings in shares of NextEra Energy by 4.3% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider’s stock valued at $278,000 after buying an additional 161 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of NextEra Energy by 3.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 223,373 shares of the utilities provider’s stock valued at $16,016,000 after buying an additional 8,117 shares during the period. Finally, Tradition Wealth Management LLC grew its position in shares of NextEra Energy by 4.5% during the 4th quarter. Tradition Wealth Management LLC now owns 6,482 shares of the utilities provider’s stock valued at $465,000 after buying an additional 278 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $85.15.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $64.74 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market cap of $133.27 billion, a P/E ratio of 19.21, a PEG ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average price of $69.54 and a two-hundred day moving average price of $73.00. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 paid a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.50%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 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.