Transce3nd LLC Invests $146,000 in NextEra Energy, Inc. (NYSE:NEE)

Transce3nd LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,037 shares of the utilities provider’s stock, valued at approximately $146,000.

Other hedge funds also recently bought and sold shares of the company. IronBridge Private Wealth LLC acquired a new position in NextEra Energy in the fourth quarter worth approximately $234,000. MML Investors Services LLC increased its stake in shares of NextEra Energy by 11.6% during the 4th quarter. MML Investors Services LLC now owns 690,068 shares of the utilities provider’s stock worth $49,471,000 after purchasing an additional 71,872 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of NextEra Energy by 1.9% during the 4th quarter. MetLife Investment Management LLC now owns 544,297 shares of the utilities provider’s stock worth $39,021,000 after purchasing an additional 10,025 shares during the last quarter. Natixis raised its holdings in shares of NextEra Energy by 7,501.9% during the 4th quarter. Natixis now owns 541,027 shares of the utilities provider’s stock valued at $38,786,000 after purchasing an additional 533,910 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in NextEra Energy by 11.5% in the fourth quarter. Norinchukin Bank The now owns 96,582 shares of the utilities provider’s stock worth $6,924,000 after purchasing an additional 9,930 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the 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 completion of the sale, 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 SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.0 %

Shares of NextEra Energy stock opened at $66.29 on Monday. The company’s fifty day moving average price is $69.63 and its two-hundred day moving average price is $73.14. The firm has a market capitalization 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 52-week low of $61.72 and a 52-week high of $86.10. 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 (NYSE:NEE) last posted its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. On average, analysts expect 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. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

Several research firms have weighed in on NEE. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. raised 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 reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $85.15.

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.