GWN Securities Inc. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

GWN Securities Inc. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,273 shares of the utilities provider’s stock, valued at approximately $2,059,000.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 1.2 %

NextEra Energy stock opened at $73.59 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The business’s 50-day simple moving average is $70.51 and its two-hundred day simple moving average is $75.85. The company has a market cap of $151.37 billion, a PE ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction 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 $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy 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.