Investment Research Partners LLC Buys Shares of 7,655 NextEra Energy, Inc. $NEE

Investment Research Partners LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 7,655 shares of the utilities provider’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the period. Sivia Capital Partners LLC boosted its holdings in NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares during the period. Finally, United Bank grew its position in shares of NextEra Energy by 2.9% during the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 444 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 190,816 shares of company stock worth $17,075,619 in the last quarter. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NEE. The Goldman Sachs Group upped their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a research note on Friday, February 20th. Seaport Research Partners lowered their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. BTIG Research reiterated a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.16.

NextEra Energy Stock Down 1.7%

Shares of NYSE:NEE opened at $90.99 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The firm has a fifty day moving average of $89.13 and a 200 day moving average of $83.29. The firm has a market capitalization of $189.59 billion, a PE ratio of 27.66 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is 75.68%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.