Baker Avenue Asset Management LP Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Baker Avenue Asset Management LP lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,786 shares of the utilities provider's stock after purchasing an additional 37,764 shares during the quarter. Baker Avenue Asset Management LP's holdings in NextEra Energy were worth $8,086,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NEE. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $28,000. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Seven investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.46.

NextEra Energy Trading Up 0.7 %

Shares of NYSE NEE traded up $0.47 during trading on Tuesday, reaching $66.57. The company had a trading volume of 7,940,764 shares, compared to its average volume of 10,767,510. The stock has a market cap of $137.03 billion, a P/E ratio of 19.75, 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 quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company's fifty day moving average price is $68.86 and its 200-day moving average price is $71.87.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business 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 firm earned $0.91 earnings per share. NextEra Energy's revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.40%. 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 payout ratio is 84.64%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% 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.