Snider Financial Group Invests $287,000 in NextEra Energy, Inc. (NYSE:NEE)

Snider Financial Group purchased a new position 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 institutional investor purchased 3,999 shares of the utilities provider’s stock, valued at approximately $287,000.

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

NextEra Energy Price Performance

NEE opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 1-year low of $54.95 and a 1-year high of $86.10. The company has a 50-day moving average of $70.38 and a 200-day moving average of $76.20. The company has a market capitalization of $145.74 billion, a P/E ratio of 21.02, a PEG 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 (EPS) 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 expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value 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 approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. 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 report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.