Purkiss Capital Advisors LLC Purchases New Shares in NextEra Energy, Inc. (NYSE:NEE)

Purkiss Capital Advisors LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,283 shares of the utilities provider’s stock, valued at approximately $379,000.

A number of other large investors also recently added to or reduced their stakes in NEE. Jacobi Capital Management LLC increased its stake in shares of NextEra Energy by 1.3% during the fourth quarter. Jacobi Capital Management LLC now owns 43,412 shares of the utilities provider’s stock worth $3,112,000 after purchasing an additional 538 shares in the last quarter. Metis Global Partners LLC boosted its holdings in NextEra Energy by 3.2% in the 4th quarter. Metis Global Partners LLC now owns 179,479 shares of the utilities provider’s stock worth $12,867,000 after buying an additional 5,551 shares during the last quarter. US Bancorp DE increased its stake in NextEra Energy by 2.5% during the 4th quarter. US Bancorp DE now owns 3,066,037 shares of the utilities provider’s stock worth $219,805,000 after buying an additional 76,049 shares in the last quarter. Noesis Capital Mangement Corp raised its holdings in shares of NextEra Energy by 0.6% during the fourth quarter. Noesis Capital Mangement Corp now owns 155,244 shares of the utilities provider’s stock valued at $11,129,000 after acquiring an additional 892 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in shares of NextEra Energy by 0.9% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 24,559 shares of the utilities provider’s stock valued at $1,761,000 after acquiring an additional 229 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of NextEra Energy from $99.00 to $90.00 in a 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 research note on Thursday, December 12th. Morgan Stanley boosted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI cut 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 report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Trading Up 1.1 %

Shares of NextEra Energy stock opened at $70.17 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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 capitalization of $144.34 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.45 and a beta of 0.58. The stock has a 50 day moving average of $70.44 and a 200 day moving average of $76.31.

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 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, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced 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. This represents a $2.27 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is 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 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 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.