NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,714 shares of the utilities provider’s stock after purchasing an additional 312 shares during the period. Sound Income Strategies LLC’s holdings in NextEra Energy were worth $1,564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new stake in shares of NextEra Energy during the 3rd quarter worth $24,166,000. Foundations Investment Advisors LLC boosted its stake in shares of NextEra Energy by 28.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock worth $384,000 after acquiring an additional 1,090 shares in the last quarter. McAdam LLC boosted its stake in shares of NextEra Energy by 4.5% during the 3rd quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 145 shares in the last quarter. Oxler Private Wealth LLC boosted its stake in shares of NextEra Energy by 0.5% during the 3rd quarter. Oxler Private Wealth LLC now owns 42,270 shares of the utilities provider’s stock worth $3,314,000 after acquiring an additional 198 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of NextEra Energy by 5.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 141,104 shares of the utilities provider’s stock worth $11,796,000 after acquiring an additional 6,828 shares in the last quarter. 76.17% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.7 %

NEE traded down $0.56 during trading on Friday, reaching $75.67. 14,137,395 shares of the stock traded hands, compared to its average volume of 9,749,707. The stock has a market cap of $150.39 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $91.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.43. The stock’s 50-day simple moving average is $76.77 and its two-hundred day simple moving average is $80.31.

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

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NEE shares. Wells Fargo & Company reduced their price objective on NextEra Energy from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, March 2nd. Credit Suisse Group decreased their target price on NextEra Energy from $89.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 26th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Royal Bank of Canada decreased their target price on NextEra Energy from $101.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday, January 30th. Finally, Morgan Stanley decreased their target price on NextEra Energy from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $91.83.

Insiders Place Their Bets

In related news, Director Amy B. Lane purchased 1,000 shares of NextEra Energy stock in a transaction on Monday, February 6th. The stock was bought at an average price of $74.86 per share, with a total value of $74,860.00. Following the completion of the transaction, the director now directly owns 41,277 shares of the company’s stock, valued at $3,089,996.22. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other NextEra Energy news, CEO Armando Pimentel, Jr. acquired 13,200 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were acquired at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the completion of the purchase, the chief executive officer now owns 129,230 shares of the company’s stock, valued at approximately $9,749,111.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was acquired at an average price of $74.86 per share, for a total transaction of $74,860.00. Following the completion of the purchase, the director now directly owns 41,277 shares of the company’s stock, valued at approximately $3,089,996.22. The disclosure for this purchase can be found here. Insiders purchased 18,872 shares of company stock valued at $1,417,721 over the last quarter. Insiders own 0.38% of the company’s stock.

NextEra Energy 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.