Biltmore Family Office LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Biltmore Family Office LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,425 shares of the utilities provider’s stock after buying an additional 605 shares during the quarter. Biltmore Family Office LLC’s holdings in NextEra Energy were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter valued at approximately $33,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI lowered 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 report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.92.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.46 on Thursday. 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, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a fifty day moving average price of $70.71 and a two-hundred day moving average price of $74.87. The company has a market cap of $144.94 billion, a PE ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 return on equity of 11.85% and a net margin of 28.06%. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

About NextEra Energy

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.