Bfsg LLC Has $6.36 Million Position in NextEra Energy, Inc. $NEE

Bfsg LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,212 shares of the utilities provider’s stock after selling 6,728 shares during the quarter. Bfsg LLC’s holdings in NextEra Energy were worth $6,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Sax Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 118 shares during the period. apricus wealth LLC boosted its holdings in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after buying an additional 120 shares during the period. Isthmus Partners LLC boosted its holdings in shares of NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after buying an additional 120 shares during the period. Fingerlakes Wealth Management Inc. boosted its holdings in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after buying an additional 124 shares during the period. Finally, Heritage Wealth Management Inc. boosted its holdings in shares of NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $94.57 on Friday. NextEra Energy, Inc. has a 12 month low of $63.64 and a 12 month high of $96.21. The firm has a fifty day simple moving average of $91.88 and a 200 day simple moving average of $85.57. The stock has a market capitalization of $197.21 billion, a price-to-earnings ratio of 28.74 and a beta of 0.74. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior 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 forecast 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 16th. Investors of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.6%. NextEra Energy’s dividend payout ratio is currently 75.68%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Ronald R. Reagan sold 18,620 shares of the 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 in the company, valued at approximately $867,870. This represents a 65.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 in the last three months. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a report on Friday, February 20th. HSBC upped their price objective on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Mizuho set a $90.00 price objective on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Barclays upped their price objective on NextEra Energy from $85.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.94.

NextEra Energy Company 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.