Dnca Finance Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Dnca Finance raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,500 shares of the utilities provider’s stock after acquiring an additional 28,500 shares during the period. Dnca Finance’s holdings in NextEra Energy were worth $11,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in NextEra Energy by 355.6% during the 4th quarter. First Trust Advisors LP now owns 1,049,949 shares of the utilities provider’s stock worth $75,271,000 after purchasing an additional 819,518 shares during the period. Forum Financial Management LP grew its stake in shares of NextEra Energy by 46.6% in the fourth quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider’s stock valued at $714,000 after buying an additional 3,164 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of NextEra Energy by 26.4% during the 4th quarter. Freedom Investment Management Inc. now owns 14,716 shares of the utilities provider’s stock valued at $1,055,000 after buying an additional 3,071 shares during the period. Frederick Financial Consultants LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $275,000. Finally, Commerce Bank grew its position in NextEra Energy by 0.6% in the fourth quarter. Commerce Bank now owns 848,734 shares of the utilities provider’s stock valued at $60,846,000 after acquiring an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEE. Morgan Stanley lowered their price target on shares of NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets reduced their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Finally, Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.15.

Insider Buying and Selling

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 transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $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 is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.0 %

NEE stock opened at $66.29 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $69.63 and its 200 day simple moving average is $73.30. The stock has a market cap of $136.47 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current 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 paid a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

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.