Platform Technology Partners Purchases 234 Shares of NextEra Energy, Inc. (NYSE:NEE)

Platform Technology Partners grew its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,298 shares of the utilities provider’s stock after buying an additional 234 shares during the period. Platform Technology Partners’ holdings in NextEra Energy were worth $443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Advisers LP purchased a new position in NextEra Energy in the 3rd quarter worth approximately $24,166,000. Foundations Investment Advisors LLC grew its stake in NextEra Energy by 28.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock worth $384,000 after buying an additional 1,090 shares in the last quarter. McAdam LLC grew its stake in NextEra Energy by 4.5% in the 3rd quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock worth $265,000 after buying an additional 145 shares in the last quarter. Oxler Private Wealth LLC grew its stake in NextEra Energy by 0.5% in the 3rd quarter. Oxler Private Wealth LLC now owns 42,270 shares of the utilities provider’s stock worth $3,314,000 after buying an additional 198 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in NextEra Energy by 5.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 141,104 shares of the utilities provider’s stock worth $11,796,000 after buying an additional 6,828 shares in the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

NextEra Energy Trading Down 0.7 %

NEE traded down $0.56 during trading on Friday, hitting $75.67. 14,137,395 shares of the stock traded hands, compared to its average volume of 9,749,707. The firm has a market capitalization of $150.39 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a 50-day moving average of $76.77 and a 200 day moving average of $80.31. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $91.35.

NextEra Energy (NYSE:NEE – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.12 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.4675 dividend. The ex-dividend date of this dividend was Monday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.43. This represents a $1.87 annualized dividend and a yield of 2.47%. NextEra Energy’s dividend payout ratio is 89.47%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NEE. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Bank of America cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $80.00 in a research note on Thursday, January 26th. Morgan Stanley cut their price objective on shares of NextEra Energy from $100.00 to $97.00 and set an “overweight” rating for the company in a research note on Wednesday, February 22nd. Credit Suisse Group cut their price objective on shares of NextEra Energy from $89.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th. Finally, Wells Fargo & Company cut their price objective on shares of NextEra Energy from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, March 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.83.

Insiders Place Their Bets

In related news, CEO Armando Pimentel, Jr. acquired 13,200 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was acquired at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the acquisition, the chief executive officer now owns 129,230 shares of the company’s stock, valued at $9,749,111.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NextEra Energy news, Director James Lawrence Camaren purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was bought at an average cost of $73.50 per share, for a total transaction of $147,000.00. Following the purchase, the director now directly owns 147,930 shares in the company, valued at $10,872,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Armando Pimentel, Jr. purchased 13,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was acquired at an average price of $75.44 per share, with a total value of $995,808.00. Following the completion of the purchase, the chief executive officer now owns 129,230 shares in the company, valued at $9,749,111.20. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 18,872 shares of company stock worth $1,417,721. 0.38% of the stock is currently owned by corporate insiders.

About NextEra Energy

(Get Rating)

NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.