Weatherly Asset Management L. P. Purchases 1,148 Shares of NextEra Energy, Inc. (NYSE:NEE)

Weatherly Asset Management L. P. boosted its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,770 shares of the utilities provider’s stock after buying an additional 1,148 shares during the quarter. Weatherly Asset Management L. P.’s holdings in NextEra Energy were worth $5,331,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Childress Capital Advisors LLC lifted its position in shares of NextEra Energy by 1.5% during the 2nd quarter. Childress Capital Advisors LLC now owns 7,380 shares of the utilities provider’s stock valued at $572,000 after acquiring an additional 112 shares during the period. Rehmann Capital Advisory Group raised its holdings in NextEra Energy by 0.7% during the second quarter. Rehmann Capital Advisory Group now owns 17,520 shares of the utilities provider’s stock worth $1,357,000 after buying an additional 123 shares during the last quarter. Formidable Asset Management LLC raised its holdings in NextEra Energy by 1.6% during the third quarter. Formidable Asset Management LLC now owns 8,093 shares of the utilities provider’s stock worth $614,000 after buying an additional 129 shares during the last quarter. Meritage Portfolio Management raised its holdings in NextEra Energy by 3.2% during the third quarter. Meritage Portfolio Management now owns 4,292 shares of the utilities provider’s stock worth $337,000 after buying an additional 132 shares during the last quarter. Finally, Liberty Wealth Management LLC raised its holdings in NextEra Energy by 4.3% during the third quarter. Liberty Wealth Management LLC now owns 3,170 shares of the utilities provider’s stock worth $248,000 after buying an additional 132 shares during the last quarter. Institutional investors own 76.17% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, Director James Lawrence Camaren bought 2,000 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was purchased at an average price of $73.50 per share, for a total transaction of $147,000.00. Following the completion of the transaction, the director now directly owns 147,930 shares of the company’s stock, valued at $10,872,855. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Amy B. Lane purchased 1,000 shares of the stock in a transaction dated Monday, February 6th. The shares were purchased at an average cost of $74.86 per share, with a total value of $74,860.00. Following the completion of the acquisition, the director now owns 41,277 shares in the company, valued at approximately $3,089,996.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Lawrence Camaren purchased 2,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was purchased at an average cost of $73.50 per share, for a total transaction of $147,000.00. Following the completion of the acquisition, the director now owns 147,930 shares of the company’s stock, valued at approximately $10,872,855. The disclosure for this purchase can be found here. Insiders acquired 18,872 shares of company stock worth $1,417,721 over the last quarter. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. Guggenheim reduced their target price on shares of NextEra Energy from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Bank of America lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $94.00 to $80.00 in a research note on Thursday, January 26th. Credit Suisse Group reduced their target price on shares of NextEra Energy from $89.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, March 2nd. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.83.

NextEra Energy Stock Performance

NEE traded down $0.56 during trading on Friday, hitting $75.67. 14,137,395 shares of the company traded hands, compared to its average volume of 9,749,707. The firm has a market cap of $150.39 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. The stock’s fifty day moving average is $76.77 and its 200 day moving average is $80.31. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $91.35.

NextEra Energy (NYSE:NEE – Get Rating) last issued its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.4675 per share. This represents a $1.87 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Monday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.43. NextEra Energy’s dividend payout ratio (DPR) is currently 89.47%.

NextEra Energy Company Profile

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NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.