Meitav Investment House Ltd. Acquires 101,698 Shares of NextEra Energy, Inc. (NYSE:NEE)

Meitav Investment House Ltd. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 837,698 shares of the utilities provider’s stock after acquiring an additional 101,698 shares during the quarter. Meitav Investment House Ltd.’s holdings in NextEra Energy were worth $60,028,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tandem Capital Management Corp ADV increased its stake in shares of NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC increased its position in NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after buying an additional 126 shares during the last quarter. Insight Folios Inc raised its stake in shares of NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC lifted its position in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after buying an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Evercore ISI dropped their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Up 0.8 %

NEE stock opened at $69.04 on Thursday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market cap of $141.98 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $70.62 and its 200 day moving average is $76.64.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.28%. NextEra Energy’s dividend payout ratio is 61.13%.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.