BIP Wealth LLC Boosts Holdings in NextEra Energy, Inc. $NEE

BIP Wealth LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 112.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,244 shares of the utilities provider’s stock after purchasing an additional 7,004 shares during the period. BIP Wealth LLC’s holdings in NextEra Energy were worth $1,063,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. increased its stake in shares of NextEra Energy by 24.8% in the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after buying an additional 12,738 shares during the last quarter. Varma Mutual Pension Insurance Co increased its stake in shares of NextEra Energy by 5.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock worth $24,624,000 after buying an additional 15,600 shares during the last quarter. National Pension Service increased its stake in shares of NextEra Energy by 1.3% in the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock worth $365,783,000 after buying an additional 60,324 shares during the last quarter. Synergy Asset Management LLC increased its stake in shares of NextEra Energy by 286.0% in the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after buying an additional 16,322 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of NextEra Energy by 61.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock worth $4,604,000 after buying an additional 23,288 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 190,816 shares of company stock valued at $17,075,619. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NEE shares. The Goldman Sachs Group lifted their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. HSBC lifted their price objective on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Argus set a $92.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.94.

NextEra Energy Stock Performance

NextEra Energy stock opened at $94.22 on Thursday. The company has a market cap of $196.32 billion, a PE ratio of 28.64 and a beta of 0.74. The company has a fifty day moving average price of $91.75 and a two-hundred day moving average price of $85.51. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.6%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s dividend payout ratio is presently 75.68%.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.