Linscomb Wealth Inc. Buys 3,656 Shares of NextEra Energy, Inc. (NYSE:NEE)

Linscomb Wealth Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,236 shares of the utilities provider’s stock after buying an additional 3,656 shares during the period. Linscomb Wealth Inc.’s holdings in NextEra Energy were worth $7,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP bought a new position in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth approximately $36,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 2.1 %

Shares of NEE stock opened at $69.52 on Friday. The company’s fifty day simple moving average is $70.47 and its two-hundred day simple moving average is $76.37. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market cap of $143.00 billion, a P/E ratio of 20.63, a PEG ratio of 2.45 and a beta of 0.58. 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 (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.26%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

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 transaction of $162,258.47. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

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.