Dakota Wealth Management Buys 9,362 Shares of NextEra Energy, Inc. $NEE

Dakota Wealth Management grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,566 shares of the utilities provider’s stock after buying an additional 9,362 shares during the quarter. Dakota Wealth Management’s holdings in NextEra Energy were worth $11,766,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NEE. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $25,000. Strive Asset Management LLC purchased a new position in NextEra Energy during the third quarter valued at approximately $29,000. Howard Hughes Medical Institute purchased a new position in NextEra Energy during the second quarter valued at approximately $31,000. Finally, Rexford Capital Inc. bought a new position in shares of NextEra Energy in the second quarter worth approximately $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on NEE shares. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. BMO Capital Markets set a $95.00 price objective on NextEra Energy in a research report on Thursday, January 29th. Finally, BTIG Research reiterated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.44.

NextEra Energy Stock Performance

NEE opened at $91.15 on Friday. The stock has a market capitalization of $189.90 billion, a price-to-earnings ratio of 27.70 and a beta of 0.76. The company has a fifty day moving average of $90.33 and a 200 day moving average of $84.02. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91. 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 announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping 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 business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares of the company’s stock, valued at $2,411,924.13. This represents a 21.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 190,816 shares of company stock valued at $17,075,619 in the last 90 days. 0.20% of the stock is currently owned by insiders.

NextEra Energy Profile

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.