Mystic Asset Management Inc. Acquires 1,542 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mystic Asset Management Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the fourth quarter, HoldingsChannel reports. The fund owned 22,985 shares of the utilities provider’s stock after buying an additional 1,542 shares during the period. Mystic Asset Management Inc.’s holdings in NextEra Energy were worth $1,648,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Amundi increased its stake in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the period. Nordea Investment Management AB increased its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI raised its stake in NextEra Energy by 167.7% in the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Proficio Capital Partners LLC raised its stake in NextEra Energy by 13,375.2% in the fourth quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after purchasing an additional 939,209 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in NextEra Energy in the fourth quarter valued at about $65,657,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Down 1.9 %

Shares of NEE opened at $72.15 on Tuesday. The stock has a fifty day moving average of $70.54 and a 200-day moving average of $75.77. NextEra Energy, Inc. has a 52 week low of $59.44 and a 52 week high of $86.10. The stock has a market capitalization of $148.41 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly 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%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 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.