Bolthouse Investments LLC Invests $688,000 in NextEra Energy, Inc. (NYSE:NEE)

Bolthouse Investments LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,600 shares of the utilities provider’s stock, valued at approximately $688,000.

Several other hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $44,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.4 %

NextEra Energy stock opened at $66.10 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $69.41 and a 200-day moving average of $72.73. The stock has a market capitalization of $136.07 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. On average, equities 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.43%. NextEra Energy’s payout ratio is presently 67.06%.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. Barclays dropped their target price on shares of NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a report on Wednesday. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

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.