Bartlett & CO. Wealth Management LLC Buys 8,891 Shares of NextEra Energy, Inc. $NEE

Bartlett & CO. Wealth Management LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,864 shares of the utilities provider’s stock after acquiring an additional 8,891 shares during the period. NextEra Energy comprises about 1.2% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Bartlett & CO. Wealth Management LLC owned approximately 0.05% of NextEra Energy worth $90,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Goodman Advisory Group LLC bought a new position in NextEra Energy during the 2nd quarter worth about $25,000. Tripletail Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter worth about $25,000. Strive Asset Management LLC bought a new position in NextEra Energy during the 3rd quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in NextEra Energy during the 4th quarter worth about $33,000. Finally, Rexford Capital Inc. bought a new position in NextEra Energy during the 2nd quarter worth about $34,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Argus set a $92.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, January 28th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Seaport Research Partners decreased their price target on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Barclays increased their price target on shares of NextEra Energy from $85.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.94.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the sale, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 305,933 shares in the company, 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. Over the last ninety days, insiders have sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $94.22 on Friday. NextEra Energy, Inc. has a twelve month low of $63.64 and a twelve month high of $96.21. The company’s 50 day moving average is $92.01 and its 200 day moving average is $85.72. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $196.47 billion, a PE ratio of 28.64 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share 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 company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 EPS. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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