Lineweaver Wealth Advisors LLC Has $3.14 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Lineweaver Wealth Advisors LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,821 shares of the utilities provider’s stock after acquiring an additional 4,613 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in NextEra Energy were worth $3,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its stake in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Old Port Advisors bought a new stake in shares of NextEra Energy during the third quarter worth $223,000. Jacobsen Capital Management increased its stake in shares of NextEra Energy by 6.0% in the third quarter. Jacobsen Capital Management now owns 4,096 shares of the utilities provider’s stock valued at $346,000 after buying an additional 232 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of NextEra Energy by 6.7% in the third quarter. Nicholas Hoffman & Company LLC. now owns 4,811 shares of the utilities provider’s stock valued at $407,000 after buying an additional 304 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its holdings in shares of NextEra Energy by 1.3% in the third quarter. Avitas Wealth Management LLC now owns 38,773 shares of the utilities provider’s stock valued at $3,277,000 after buying an additional 485 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.4 %

Shares of NextEra Energy stock opened at $70.97 on Thursday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The business has a fifty day simple moving average of $70.47 and a 200 day simple moving average of $76.42. 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 stock has a market cap of $145.99 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 3.19%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley increased 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 decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.85.

About NextEra Energy

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.