Johnson & White Wealth Management LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Johnson & White Wealth Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,548 shares of the utilities provider’s stock after buying an additional 541 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in NextEra Energy were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Burkett Financial Services LLC boosted its stake 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 worth $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at about $27,000. Quarry LP purchased a new stake in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy in the third quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $66.85 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $137.47 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58. The stock’s fifty day moving average is $74.00 and its two-hundred day moving average is $77.28. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.15.

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.