White Knight Strategic Wealth Advisors LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,552 shares of the utilities provider's stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Annex Advisory Services LLC increased its position in NextEra Energy by 101.3% in the fourth quarter. Annex Advisory Services LLC now owns 13,706 shares of the utilities provider's stock worth $983,000 after purchasing an additional 6,898 shares during the last quarter. LVW Advisors LLC increased its position in NextEra Energy by 197.9% in the fourth quarter. LVW Advisors LLC now owns 7,214 shares of the utilities provider's stock worth $517,000 after purchasing an additional 4,792 shares during the last quarter. Diversify Wealth Management LLC increased its position in NextEra Energy by 36.4% in the fourth quarter. Diversify Wealth Management LLC now owns 5,312 shares of the utilities provider's stock worth $358,000 after purchasing an additional 1,417 shares during the last quarter. LaFleur & Godfrey LLC increased its position in NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after purchasing an additional 400 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in NextEra Energy by 5.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 13,240 shares of the utilities provider's stock worth $949,000 after purchasing an additional 686 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Trading Up 1.3%

Shares of NEE traded up $0.88 during trading hours on Friday, reaching $67.82. 17,155,250 shares of the company traded hands, compared to its average volume of 11,151,600. The firm has a market cap of $139.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock's fifty day moving average price is $68.57 and its 200 day moving average price is $71.02.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by 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.