South Shore Capital Advisors Makes New $683,000 Investment in NextEra Energy, Inc. $NEE

South Shore Capital Advisors acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 8,509 shares of the utilities provider’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Goodman Advisory Group LLC purchased a new position in NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth $25,000. Strive Asset Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth $29,000. Howard Hughes Medical Institute purchased a new position in NextEra Energy during the 2nd quarter worth $31,000. Finally, Lodestone Wealth Management LLC purchased a new position in NextEra Energy during the 4th quarter worth $33,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.5%

Shares of NYSE NEE opened at $92.66 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The firm has a 50-day moving average price of $91.50 and a 200 day moving average price of $85.29. The stock has a market capitalization of $193.07 billion, a price-to-earnings ratio of 28.17 and a beta of 0.74.

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

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. The Goldman Sachs Group lifted their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and issued a $103.00 target price on shares of NextEra Energy in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Finally, Barclays lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.72.

Insider Transactions at NextEra Energy

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president owned 16,905 shares of the company’s stock, valued at $1,572,165. This trade represents a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is owned by company insiders.

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.