NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,088 shares of the utilities provider’s stock after buying an additional 427 shares during the quarter. Cabot Wealth Management Inc.’s holdings in NextEra Energy were worth $1,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $27,000. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the third quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent research reports. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Evercore ISI reduced 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. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Performance

NYSE NEE opened at $71.74 on Friday. The business has a 50 day moving average price of $70.53 and a 200 day moving average price of $76.56. The company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year 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 released 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 return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.