4WEALTH Advisors Inc. Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

4WEALTH Advisors Inc. bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,292 shares of the utilities provider's stock, valued at approximately $308,000.

Several other large investors have also recently bought and sold shares of NEE. 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 buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $36,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.99 during trading on Monday, reaching $66.10. 7,117,376 shares of the stock traded hands, compared to its average volume of 10,791,904. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $136.08 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The business has a fifty day simple moving average of $69.02 and a two-hundred day simple moving average of $72.04.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.46.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

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.