Lake Street Advisors Group LLC purchased a new position in shares of NextEra Energy Inc (NYSE:NEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,228 shares of the utilities provider’s stock, valued at approximately $348,000.

Several other hedge funds also recently added to or reduced their stakes in NEE. Balasa Dinverno & Foltz LLC grew its position in shares of NextEra Energy by 13.1% during the third quarter. Balasa Dinverno & Foltz LLC now owns 2,804 shares of the utilities provider’s stock worth $411,000 after buying an additional 325 shares in the last quarter. Wendell David Associates Inc. boosted its holdings in NextEra Energy by 24.7% in the third quarter. Wendell David Associates Inc. now owns 50,463 shares of the utilities provider’s stock worth $7,395,000 after purchasing an additional 10,000 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in NextEra Energy by 13.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 355,683 shares of the utilities provider’s stock worth $52,123,000 after purchasing an additional 42,600 shares during the period. M. Kraus & Co boosted its holdings in NextEra Energy by 2.6% in the third quarter. M. Kraus & Co now owns 35,951 shares of the utilities provider’s stock worth $5,269,000 after purchasing an additional 925 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in NextEra Energy by 31.6% in the third quarter. Fisher Asset Management LLC now owns 3,005 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 721 shares during the period. 76.36% of the stock is owned by institutional investors and hedge funds.

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In related news, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $160.89, for a total transaction of $2,896,020.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Miguel Arechabala sold 5,093 shares of NextEra Energy stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The disclosure for this sale can be found here. Insiders sold 62,245 shares of company stock worth $9,783,623 over the last quarter. 0.53% of the stock is currently owned by company insiders.

Shares of NextEra Energy stock opened at $160.08 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $75,524.77, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.32. NextEra Energy Inc has a one year low of $127.09 and a one year high of $161.96.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 earnings per share. equities research analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.77%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 38.98%.

A number of equities analysts have commented on NEE shares. Argus reaffirmed a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group started coverage on shares of NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price objective for the company. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, December 12th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $177.00 price objective on shares of NextEra Energy in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $163.13.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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