NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Enterprise Financial Services Corp

Enterprise Financial Services Corp raised its position in NextEra Energy, Inc. (NYSE:NEE) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,901 shares of the utilities provider’s stock after buying an additional 2,125 shares during the period. NextEra Energy comprises about 1.0% of Enterprise Financial Services Corp’s portfolio, making the stock its 20th largest holding. Enterprise Financial Services Corp’s holdings in NextEra Energy were worth $1,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Second Line Capital LLC lifted its holdings in NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after buying an additional 139 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in NextEra Energy by 2.8% in the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after buying an additional 145 shares in the last quarter. Accel Wealth Management lifted its holdings in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after buying an additional 145 shares in the last quarter. L.M. Kohn & Company lifted its holdings in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares in the last quarter. Finally, 1ST Source Bank lifted its holdings in NextEra Energy by 0.4% in the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 147 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $72.86 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $86.10. The firm has a 50-day simple moving average of $70.30 and a 200 day simple moving average of $76.05. The company has a market cap of $149.88 billion, a PE ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.11%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Morgan Stanley boosted their price objective 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. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.