NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 14.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 185,543 shares of the utilities provider’s stock after buying an additional 23,037 shares during the period. Assetmark Inc.’s holdings in NextEra Energy were worth $13,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp increased its holdings in shares of NextEra Energy by 36.6% in the 4th quarter. J.Safra Asset Management Corp now owns 5,569 shares of the utilities provider’s stock valued at $400,000 after acquiring an additional 1,492 shares during the last quarter. Snider Financial Group bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $287,000. Triad Wealth Partners LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $265,000. Wealth Advisory Solutions LLC increased its holdings in shares of NextEra Energy by 13.3% in the 4th quarter. Wealth Advisory Solutions LLC now owns 28,387 shares of the utilities provider’s stock valued at $2,035,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Laffer Tengler Investments Inc. increased its holdings in shares of NextEra Energy by 39.6% in the 4th quarter. Laffer Tengler Investments Inc. now owns 61,572 shares of the utilities provider’s stock valued at $4,414,000 after acquiring an additional 17,453 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 0.7 %

Shares of NextEra Energy stock opened at $69.99 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $143.97 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business has a fifty day simple moving average of $70.28 and a 200-day simple moving average of $76.12. NextEra Energy, Inc. has a fifty-two week low of $55.53 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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. This represents a $2.27 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.