5,537 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 5,537 shares of the utilities provider’s stock, valued at approximately $397,000.

A number of other hedge funds have also recently made changes to their positions in NEE. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after purchasing an additional 588,038 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NextEra Energy by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after purchasing an additional 345,999 shares during the period. Finally, Amundi raised its position in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. JPMorgan Chase & Co. increased their price target on 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 price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Evercore ISI dropped their target price 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. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average target price of $85.92.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value 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. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 2.0 %

Shares of NextEra Energy stock opened at $68.70 on Wednesday. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. The stock has a 50 day moving average price of $70.70 and a two-hundred day moving average price of $75.34. 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 stock has a market capitalization of $141.32 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.30%. NextEra Energy’s dividend payout ratio is 67.06%.

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.