Nicholson Wealth Management Group LLC Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Nicholson Wealth Management Group LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 97.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,279 shares of the utilities provider’s stock after purchasing an additional 10,493 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in NextEra Energy were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cromwell Holdings LLC grew its holdings in shares of NextEra Energy by 4.2% during the fourth quarter. Cromwell Holdings LLC now owns 5,234 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 211 shares in the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of NextEra Energy by 2.6% during the fourth quarter. Tandem Investment Advisors Inc. now owns 1,358,923 shares of the utilities provider’s stock worth $97,421,000 after purchasing an additional 34,032 shares in the last quarter. Aspen Investment Management Inc grew its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 151 shares in the last quarter. ING Groep NV boosted its stake in NextEra Energy by 351.6% in the fourth quarter. ING Groep NV now owns 587,646 shares of the utilities provider’s stock worth $42,128,000 after buying an additional 457,523 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in NextEra Energy by 0.4% in the fourth quarter. O Brien Greene & Co. Inc now owns 91,910 shares of the utilities provider’s stock worth $6,589,000 after buying an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.12 on Friday. The firm has a market cap of $144.23 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The business has a 50 day moving average price of $70.56 and a 200-day moving average price of $76.59.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 61.13%.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.85.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy 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.