EverSource Wealth Advisors LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

EverSource Wealth Advisors LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,071 shares of the utilities provider’s stock after buying an additional 702 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NextEra Energy were worth $650,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NEE. Howard Capital Management Group LLC increased its holdings in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after buying an additional 5,409 shares during the period. Harbour Investments Inc. grew its holdings in NextEra Energy by 2.1% in the third quarter. Harbour Investments Inc. now owns 17,335 shares of the utilities provider’s stock worth $1,465,000 after purchasing an additional 358 shares during the last quarter. GSA Capital Partners LLP purchased a new position in NextEra Energy in the third quarter worth $406,000. Verus Capital Partners LLC purchased a new position in NextEra Energy in the third quarter worth $232,000. Finally, Pinnacle Financial Partners Inc grew its holdings in NextEra Energy by 0.4% in the third quarter. Pinnacle Financial Partners Inc now owns 68,580 shares of the utilities provider’s stock worth $5,797,000 after purchasing an additional 302 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEE. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI cut 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 report on Monday, January 27th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.92.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.3 %

NYSE NEE opened at $72.70 on Friday. The company has a market capitalization of $149.55 billion, a PE ratio of 21.57, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a fifty day moving average of $70.48 and a 200 day moving average of $75.92. NextEra Energy, Inc. has a 1 year low of $58.88 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

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.