Oxbow Advisors LLC Buys New Shares in NextEra Energy, Inc. (NYSE:NEE)

Oxbow Advisors LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,143 shares of the utilities provider’s stock, valued at approximately $2,734,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Burkett Financial Services LLC lifted its stake 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 purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI reduced 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 research report on Monday, January 27th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Up 2.3 %

NEE stock opened at $71.74 on Friday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 company has a market cap of $147.56 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.41 and a beta of 0.58. The company has a 50 day moving average of $70.53 and a two-hundred day moving average of $76.56.

NextEra Energy (NYSE:NEE) last released its earnings results 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s dividend payout ratio is 61.13%.

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.