NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 612.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 230,271 shares of the utilities provider’s stock after acquiring an additional 197,932 shares during the period. NextEra Energy accounts for about 1.4% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 16th largest holding. Wellington Shields Capital Management LLC’s holdings in NextEra Energy were worth $16,508,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.3 %

NEE opened at $72.70 on Friday. NextEra Energy, Inc. has a twelve month low of $58.88 and a twelve month 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 firm has a market cap of $149.55 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm’s fifty day moving average is $70.48 and its two-hundred day moving average is $75.92.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NEE. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday. 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, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $85.92.

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.