Conscious Wealth Investments LLC Purchases 484 Shares of NextEra Energy, Inc. (NYSE:NEE)

Conscious Wealth Investments LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,931 shares of the utilities provider’s stock after purchasing an additional 484 shares during the period. NextEra Energy comprises approximately 2.3% of Conscious Wealth Investments LLC’s holdings, making the stock its 18th biggest position. Conscious Wealth Investments LLC’s holdings in NextEra Energy were worth $3,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the third quarter valued at approximately $27,000. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% during 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 period. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter worth $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.74 on Monday. 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 firm has a market cap of $147.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.45 and a beta of 0.58. The firm has a fifty day moving average price of $70.53 and a 200 day moving average price of $76.55. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. NextEra Energy’s payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEE. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. 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 report on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.85.

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.