Clarity Wealth Development LLC Invests $202,000 in NextEra Energy, Inc. (NYSE:NEE)

Clarity Wealth Development LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,816 shares of the utilities provider’s stock, valued at approximately $202,000.

Other large investors have also recently added to or reduced their stakes in the company. Amundi grew its holdings in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. National Bank of Canada FI increased its stake in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in NextEra Energy by 13,375.2% during the fourth quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after buying an additional 939,209 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of NextEra Energy in the fourth quarter worth about $65,657,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $72.15 on Tuesday. 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 $148.41 billion, a PE ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.58. The firm’s 50 day moving average price is $70.54 and its 200 day moving average price is $75.77. NextEra Energy, Inc. has a twelve month low of $59.44 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. As a group, research 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. Evercore ISI dropped their target price on shares of 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. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Morgan Stanley raised their price objective on 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 assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 27,427 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

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.