SageView Advisory Group LLC Has $1.74 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

SageView Advisory Group LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,324 shares of the utilities provider’s stock after buying an additional 4,188 shares during the period. SageView Advisory Group LLC’s holdings in NextEra Energy were worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keystone Financial Group increased its holdings in NextEra Energy by 8.6% during the fourth quarter. Keystone Financial Group now owns 14,951 shares of the utilities provider’s stock worth $1,071,000 after buying an additional 1,186 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of NextEra Energy by 23.7% in the 4th quarter. Savvy Advisors Inc. now owns 12,010 shares of the utilities provider’s stock valued at $861,000 after acquiring an additional 2,302 shares during the period. Stamos Capital Partners L.P. increased its stake in shares of NextEra Energy by 89.2% during the 4th quarter. Stamos Capital Partners L.P. now owns 112,020 shares of the utilities provider’s stock worth $8,031,000 after purchasing an additional 52,800 shares during the last quarter. Bragg Financial Advisors Inc raised its holdings in shares of NextEra Energy by 15.0% in the 4th quarter. Bragg Financial Advisors Inc now owns 80,489 shares of the utilities provider’s stock valued at $5,770,000 after purchasing an additional 10,519 shares during the period. Finally, Altman Advisors Inc. lifted its stake in NextEra Energy by 1.7% in the 4th quarter. Altman Advisors Inc. now owns 21,900 shares of the utilities provider’s stock valued at $1,570,000 after purchasing an additional 376 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Performance

NYSE NEE opened at $65.72 on Monday. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The firm has a 50-day moving average price of $69.89 and a two-hundred day moving average price of $73.78. The company has a market capitalization of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.45%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by 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.