Clearstead Trust LLC Buys 6,456 Shares of NextEra Energy, Inc. (NYSE:NEE)

Clearstead Trust LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 37.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,762 shares of the utilities provider’s stock after acquiring an additional 6,456 shares during the period. Clearstead Trust LLC’s holdings in NextEra Energy were worth $1,703,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC increased its position in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares during the last quarter. GSA Capital Partners LLP acquired a new position in NextEra Energy during the third quarter worth approximately $406,000. KBC Group NV increased its position in NextEra Energy by 8.8% during the third quarter. KBC Group NV now owns 160,802 shares of the utilities provider’s stock worth $13,593,000 after buying an additional 13,045 shares during the last quarter. ING Groep NV increased its position in NextEra Energy by 30.6% during the third quarter. ING Groep NV now owns 130,123 shares of the utilities provider’s stock worth $10,999,000 after buying an additional 30,460 shares during the last quarter. Finally, Sargent Investment Group LLC increased its position in NextEra Energy by 6.2% during the third quarter. Sargent Investment Group LLC now owns 3,342 shares of the utilities provider’s stock worth $282,000 after buying an additional 195 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.2 %

NYSE NEE opened at $73.59 on Friday. The business has a fifty day moving average price of $70.51 and a two-hundred day moving average price of $75.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a fifty-two week low of $58.88 and a fifty-two week high of $86.10. The stock has a market capitalization of $151.37 billion, a PE ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.08%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.92.

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.