Midwest Capital Advisors LLC Makes New $44,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 618 shares of the utilities provider’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted 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 acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter worth $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $71.74 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization 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. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm’s 50-day moving average price is $70.53 and its two-hundred day moving average price is $76.55.

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, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts predict 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 dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.16%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.