Cyrus J. Lawrence LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Cyrus J. Lawrence LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 119,675 shares of the utilities provider’s stock after buying an additional 472 shares during the period. NextEra Energy accounts for approximately 1.7% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 28th largest holding. Cyrus J. Lawrence LLC’s holdings in NextEra Energy were worth $8,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after buying an additional 5,831 shares during the period. Empower Advisory Group LLC lifted its stake in shares of NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after buying an additional 41,328 shares during the period. Nordea Investment Management AB lifted its stake in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the period. Czech National Bank lifted its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. lifted its stake in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley upped their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank upped their price target 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. Finally, Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Price Performance

Shares of NEE stock opened at $70.92 on Friday. The company has a market capitalization of $145.87 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm has a fifty day simple moving average of $70.62 and a 200-day simple moving average of $75.56. 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 twelve month low of $61.30 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. Equities research analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. 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 3.20%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

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.