Excalibur Management Corp Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Excalibur Management Corp raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 32.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,043 shares of the utilities provider’s stock after purchasing an additional 2,213 shares during the quarter. Excalibur Management Corp’s holdings in NextEra Energy were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the third quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $68.70 on Wednesday. The firm’s 50-day simple moving average is $70.70 and its 200 day simple moving average is $75.34. The firm has a market capitalization of $141.32 billion, a PE ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. 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 announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 issued 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 3.30%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NEE shares. 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. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target 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. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.92.

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 that occurred 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 sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

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.