Slagle Financial LLC Has $5.15 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Slagle Financial LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 21.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 71,863 shares of the utilities provider’s stock after purchasing an additional 12,570 shares during the quarter. NextEra Energy accounts for 2.3% of Slagle Financial LLC’s holdings, making the stock its 7th largest holding. Slagle Financial LLC’s holdings in NextEra Energy were worth $5,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Broadway Wealth Solutions Inc. bought a new stake in shares of NextEra Energy during the fourth quarter valued at about $262,000. Boussard & Gavaudan Investment Management LLP purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $2,609,000. New Age Alpha Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth $193,000. Norges Bank purchased a new stake in NextEra Energy during the 4th quarter valued at about $3,484,197,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $7,394,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

NYSE NEE opened at $70.08 on Friday. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. 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 stock has a 50 day moving average price of $70.68 and a 200-day moving average price of $75.27. The company has a market capitalization of $144.15 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its 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%. As a group, equities analysts predict 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a report 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 for the company in a research report on Monday, January 27th. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Morgan Stanley raised their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Company 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.