Sulzberger Capital Advisors Inc. Buys Shares of 41,445 NextEra Energy, Inc. (NYSE:NEE)

Sulzberger Capital Advisors Inc. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,445 shares of the utilities provider's stock, valued at approximately $2,971,000. NextEra Energy comprises about 3.4% of Sulzberger Capital Advisors Inc.'s portfolio, making the stock its 12th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% during 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 in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded up $0.48 during midday trading on Tuesday, reaching $66.58. The stock had a trading volume of 2,956,911 shares, compared to its average volume of 11,949,227. The company has a market capitalization of $137.06 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company's 50-day moving average is $68.92 and its 200 day moving average is $71.91. 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 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.46.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

NextEra Energy Company 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.