Glaxis Capital Management LLC Takes $358,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Glaxis Capital Management LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,000 shares of the utilities provider’s stock, valued at approximately $358,000. NextEra Energy makes up approximately 1.0% of Glaxis Capital Management LLC’s holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. grew its holdings in shares of NextEra Energy by 0.8% in the fourth quarter. Moors & Cabot Inc. now owns 183,564 shares of the utilities provider’s stock valued at $13,160,000 after acquiring an additional 1,470 shares in the last quarter. Bender Robert & Associates grew its stake in shares of NextEra Energy by 0.8% during the fourth quarter. Bender Robert & Associates now owns 36,526 shares of the utilities provider’s stock valued at $2,619,000 after buying an additional 295 shares during the last quarter. Cascade Financial Partners LLC increased its holdings in shares of NextEra Energy by 4.4% in the fourth quarter. Cascade Financial Partners LLC now owns 24,735 shares of the utilities provider’s stock worth $1,773,000 after buying an additional 1,050 shares during the period. Natural Investments LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $698,000. Finally, AGF Management Ltd. increased its holdings in NextEra Energy by 62.2% during the 4th quarter. AGF Management Ltd. now owns 1,167,469 shares of the utilities provider’s stock valued at $83,696,000 after purchasing an additional 447,663 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEE. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Stock Down 2.8 %

Shares of NYSE:NEE opened at $74.04 on Wednesday. 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, Inc. has a 12 month low of $56.55 and a 12 month high of $86.10. The company has a 50-day moving average price of $70.43 and a 200 day moving average price of $75.97. The company has a market cap of $152.30 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.