Rockbridge Investment Management LCC Buys 1,500 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rockbridge Investment Management LCC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 29.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,610 shares of the utilities provider’s stock after buying an additional 1,500 shares during the period. Rockbridge Investment Management LCC’s holdings in NextEra Energy were worth $474,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Second Line Capital LLC raised its position in NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 139 shares in the last quarter. Accel Wealth Management grew its position in shares of NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after buying an additional 145 shares in the last quarter. L.M. Kohn & Company increased its stake in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after buying an additional 145 shares during the period. 1ST Source Bank raised its holdings in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after acquiring an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 149 shares during the period. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NEE. 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. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Scotiabank boosted 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction 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. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $69.66 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. The company has a market cap of $143.28 billion, a PE ratio of 20.67, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The business has a 50-day simple moving average of $70.70 and a two-hundred day simple moving average of $75.30.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts expect 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. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change 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 3.25%. NextEra Energy’s payout ratio is 67.06%.

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.