6,187 Shares in NextEra Energy, Inc. $NEE Bought by AMI Asset Management Corp

AMI Asset Management Corp bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,187 shares of the utilities provider’s stock, valued at approximately $497,000.

Several other large investors have also added to or reduced their stakes in the business. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at $25,000. Strive Asset Management LLC acquired a new stake in NextEra Energy in the third quarter valued at $29,000. Lodestone Wealth Management LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $33,000. Rexford Capital Inc. acquired a new stake in NextEra Energy in the second quarter valued at $34,000. Finally, Abound Wealth Management lifted its stake in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 237 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 190,816 shares of company stock worth $17,075,619. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $92.33 on Tuesday. NextEra Energy, Inc. has a 52 week low of $63.64 and a 52 week high of $96.21. The firm has a market cap of $192.54 billion, a price-to-earnings ratio of 28.06 and a beta of 0.74. The firm’s 50-day simple moving average is $92.12 and its 200 day simple moving average is $86.03. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating 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 firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.6232 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is 75.68%.

Analysts Set New Price Targets

A number of analysts have commented on NEE shares. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group raised their target price on shares of NextEra Energy from $87.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, March 31st. Weiss Ratings cut shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $94.94.

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.