Paragon Private Wealth Management LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Paragon Private Wealth Management LLC grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,902 shares of the utilities provider’s stock after acquiring an additional 282 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in NextEra Energy were worth $1,857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NEE. Burkett Financial Services LLC raised 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 buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 4.1 %

Shares of NYSE NEE opened at $72.86 on Monday. NextEra Energy, Inc. has a 12-month low of $56.31 and a 12-month high of $86.10. The stock’s fifty day simple moving average is $70.30 and its two-hundred day simple moving average is $76.03. The stock has a market capitalization of $149.88 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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 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, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business 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 dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the company’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 sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Scotiabank increased 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. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from 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.