Fort Washington Investment Advisors Inc. OH Acquires 14,051 Shares of NextEra Energy, Inc. $NEE

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 744,600 shares of the utilities provider’s stock after buying an additional 14,051 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in NextEra Energy were worth $59,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in shares of NextEra Energy during the second quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the third quarter valued at about $25,000. Strive Asset Management LLC acquired a new position in NextEra Energy in the third quarter valued at about $29,000. Howard Hughes Medical Institute bought a new position in NextEra Energy during the second quarter worth about $31,000. Finally, Rexford Capital Inc. bought a new position in NextEra Energy during the second quarter worth about $34,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NEE. BMO Capital Markets set a $95.00 price target on NextEra Energy in a research note on Thursday, January 29th. Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.44.

Insider Buying and Selling

In other news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.0%

NYSE NEE opened at $91.15 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a market cap of $189.90 billion, a P/E ratio of 27.70 and a beta of 0.76. The stock’s 50-day moving average is $90.33 and its 200-day moving average is $84.02.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the firm earned $0.53 EPS. NextEra Energy’s quarterly revenue was up 20.7% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.6232 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s payout ratio is presently 75.68%.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.