M. Kulyk & Associates LLC Purchases 52,570 Shares of NextEra Energy, Inc. $NEE

M. Kulyk & Associates LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 119.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,524 shares of the utilities provider’s stock after acquiring an additional 52,570 shares during the period. NextEra Energy comprises 1.5% of M. Kulyk & Associates LLC’s holdings, making the stock its 25th largest holding. M. Kulyk & Associates LLC’s holdings in NextEra Energy were worth $7,287,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Acadian Asset Management LLC grew its position in NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC raised its stake in NextEra Energy by 18.1% during the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 852 shares in the last quarter. Finally, United Bank lifted its holdings in shares of NextEra Energy by 2.9% in the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after acquiring an additional 444 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on NEE. Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a report on Wednesday, January 14th. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a research note on Friday. Wells Fargo & Company increased their price target on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets set a $95.00 price objective on NextEra Energy in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.05.

NextEra Energy Price Performance

NEE stock opened at $94.03 on Tuesday. The company has a market capitalization of $195.91 billion, a P/E ratio of 28.58, a PEG ratio of 2.85 and a beta of 0.75. The company has a fifty day moving average price of $85.00 and a 200-day moving average price of $81.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, equities analysts expect 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 will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. NextEra Energy’s dividend payout ratio is 69.00%.

Insider Buying and Selling

In related news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares in the company, 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 SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,049 shares of company stock valued at $14,194,542 over the last ninety days. 0.18% of the stock is owned by company insiders.

NextEra Energy Company 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.