Life Planning Partners Inc Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Life Planning Partners Inc bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 78,859 shares of the utilities provider’s stock, valued at approximately $5,653,000.

A number of other large investors have also added to or reduced their stakes in NEE. Summit Securities Group LLC purchased a new position in NextEra Energy in the 4th quarter valued at about $83,000. Schroder Investment Management Group boosted its holdings in NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after purchasing an additional 2,499,011 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in NextEra Energy during the 4th quarter worth approximately $26,588,000. Strategy Asset Managers LLC raised its position in shares of NextEra Energy by 4.7% in the 4th quarter. Strategy Asset Managers LLC now owns 5,593 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 253 shares in the last quarter. Finally, Allianz SE purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $12,463,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Price Performance

NYSE NEE opened at $70.44 on Friday. The company has a 50-day moving average price of $70.67 and a two-hundred day moving average price of $75.14. The stock has a market cap of $144.90 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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 forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a boost 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 3.22%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

Insider Activity 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 directly 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 legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by 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.