Accredited Wealth Management LLC Acquires Shares of 4,381 NextEra Energy, Inc. (NYSE:NEE)

Accredited Wealth Management LLC purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,381 shares of the utilities provider's stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $28,000. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.46.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was 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 $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.47 during midday trading on Tuesday, hitting $66.57. The company's stock had a trading volume of 7,940,764 shares, compared to its average volume of 10,767,507. The firm's 50 day moving average is $68.92 and its 200-day moving average is $71.91. The firm has a market cap of $137.03 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.45 and a beta of 0.69. 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, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. Equities 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.40%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's payout ratio is 84.64%.

NextEra Energy 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.