Tuttle Capital Management LLC Buys Shares of 3,674 NextEra Energy, Inc. (NYSE:NEE)

Tuttle Capital Management LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,674 shares of the utilities provider’s stock, valued at approximately $263,000.

A number of other large investors also recently modified their holdings of NEE. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at $27,000. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Quarry LP acquired a new stake in NextEra Energy during the third quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE stock opened at $66.85 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The business’s fifty day moving average is $74.00 and its 200-day moving average is $77.28. The company has a market cap of $137.47 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s payout ratio is presently 60.95%.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $87.15.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

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.