Eagle Strategies LLC Acquires 19,695 Shares of NextEra Energy, Inc. (NYSE:NEE)

Eagle Strategies LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 294.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,373 shares of the utilities provider's stock after acquiring an additional 19,695 shares during the period. Eagle Strategies LLC's holdings in NextEra Energy were worth $1,891,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Empowered Funds LLC increased its stake in NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after buying an additional 5,831 shares during the period. Empower Advisory Group LLC increased its stake in shares of NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after acquiring an additional 41,328 shares during the period. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Czech National Bank lifted its position in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after purchasing an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after buying an additional 9,425 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 1.6 %

NEE stock traded up $1.03 during mid-day trading on Friday, hitting $67.08. The stock had a trading volume of 13,333,016 shares, compared to its average volume of 10,806,660. The stock has a market capitalization of $138.09 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.45 and a beta of 0.58. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a fifty day moving average of $69.02 and a 200 day moving average of $72.12.

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 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 firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The company's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Analyst Ratings Changes

Several equities research analysts have commented on NEE shares. BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their target price 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.46.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction that occurred 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 owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

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.