Canopy Partners LLC Buys 5,848 Shares of NextEra Energy, Inc. (NYSE:NEE)

Canopy Partners LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 103.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,510 shares of the utilities provider’s stock after buying an additional 5,848 shares during the quarter. Canopy Partners LLC’s holdings in NextEra Energy were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new stake in NextEra Energy in the 3rd quarter worth about $33,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on NEE shares. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. 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 note on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Down 7.2 %

Shares of NYSE NEE opened at $66.97 on Monday. The business has a 50-day simple moving average of $70.65 and a two-hundred day simple moving average of $74.59. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The company has a market cap of $137.86 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 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 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid 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 annualized dividend and a yield of 3.38%. 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.