Peak Retirement Planning Inc. Acquires Shares of 3,338 NextEra Energy, Inc. (NYSE:NEE)

Peak Retirement Planning Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,338 shares of the utilities provider’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after acquiring an additional 2,090,538 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $3,484,197,000. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NextEra Energy by 4.2% in the 4th 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 period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 1.3%

Shares of NYSE NEE opened at $67.82 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The firm has a market capitalization of $139.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. The stock has a 50 day moving average price of $68.57 and a 200 day moving average price of $71.04. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company posted $0.91 EPS. NextEra Energy’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.34%. NextEra Energy’s payout ratio is presently 84.64%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NEE shares. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

NextEra Energy 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.