RFG Bristol Wealth Advisors LLC Buys Shares of 11,867 NextEra Energy, Inc. (NYSE:NEE)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, HoldingsChannel reports. The firm purchased 11,867 shares of the utilities provider’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Second Line Capital LLC lifted its position in NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 139 shares in the last quarter. Accel Wealth Management increased its holdings in 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 purchasing an additional 145 shares in the last quarter. L.M. Kohn & Company raised its stake in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after purchasing an additional 145 shares during the period. 1ST Source Bank lifted 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 purchasing an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after buying an additional 149 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Evercore ISI cut their price target on shares of 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Up 0.0 %

Shares of NEE stock opened at $70.90 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week high of $86.10. The stock has a market cap of $145.85 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. The firm’s 50-day moving average is $70.67 and its 200-day moving average is $74.90. 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 released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting 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 predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared 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 an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insiders Place Their Bets

In other 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 value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This 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. Company 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.