Schechter Investment Advisors LLC Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Schechter Investment Advisors LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,655 shares of the utilities provider’s stock after buying an additional 4,571 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NextEra Energy were worth $1,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Burkett Financial Services LLC raised its holdings in 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 purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd grew its stake in NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 571 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 2.1 %

Shares of NEE stock opened at $71.64 on Tuesday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a market cap of $147.37 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a 50-day moving average of $70.42 and a two-hundred day moving average of $76.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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%. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. 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 3.16%. 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 value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. 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. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.85.

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.