Parallel Advisors LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Parallel Advisors LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,034 shares of the utilities provider’s stock after purchasing an additional 1,015 shares during the quarter. Parallel Advisors LLC’s holdings in NextEra Energy were worth $9,824,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cibc World Markets Corp raised its stake in shares of NextEra Energy by 16.3% in the fourth quarter. Cibc World Markets Corp now owns 324,413 shares of the utilities provider’s stock worth $23,257,000 after purchasing an additional 45,540 shares during the last quarter. SouthState Corp raised its position in NextEra Energy by 1.5% during the fourth quarter. SouthState Corp now owns 215,835 shares of the utilities provider’s stock valued at $15,473,000 after acquiring an additional 3,149 shares in the last quarter. Rockport Wealth LLC raised its position in NextEra Energy by 6.2% during the fourth quarter. Rockport Wealth LLC now owns 3,842 shares of the utilities provider’s stock valued at $275,000 after acquiring an additional 225 shares in the last quarter. GLOBALT Investments LLC GA raised its position in NextEra Energy by 49.2% during the fourth quarter. GLOBALT Investments LLC GA now owns 67,725 shares of the utilities provider’s stock valued at $4,855,000 after acquiring an additional 22,345 shares in the last quarter. Finally, SlateStone Wealth LLC raised its position in NextEra Energy by 2.4% during the fourth quarter. SlateStone Wealth LLC now owns 151,698 shares of the utilities provider’s stock valued at $10,875,000 after acquiring an additional 3,575 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $73.59 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business’s 50 day moving average price is $70.51 and its 200-day moving average price is $75.82. The firm has a market capitalization of $151.37 billion, a PE ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $59.44 and a 1 year high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI dropped their price objective on 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 raised 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. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average target price of $85.92.

About NextEra Energy

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.