Cary Street Partners Financial LLC Buys New Position in NextEra Energy, Inc. (NYSE:NEE)

Cary Street Partners Financial LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 14,657 shares of the utilities provider's stock, valued at approximately $1,051,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth about $44,000. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company's 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 sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. 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 research report on Tuesday, March 11th. BMO Capital Markets decreased their target price on 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 reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Barclays decreased 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 research report on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of "Hold" and an average target price of $83.46.

NextEra Energy Price Performance

NEE traded up $2.05 during trading on Friday, hitting $70.37. 17,324,949 shares of the company traded hands, compared to its average volume of 10,763,280. The stock's 50-day simple moving average is $68.73 and its two-hundred day simple moving average is $71.55. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market cap of $144.87 billion, a PE ratio of 20.88, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the firm posted $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.22%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.