Advisory Services Network LLC Has $11.58 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Advisory Services Network LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,550 shares of the utilities provider's stock after purchasing an additional 7,872 shares during the quarter. Advisory Services Network LLC's holdings in NextEra Energy were worth $11,582,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NEE. Empowered Funds LLC raised its position in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC increased its position in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after purchasing an additional 41,328 shares during the period. Nordea Investment Management AB raised its holdings in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Czech National Bank lifted its position in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after purchasing an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. boosted its stake in shares of NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after purchasing an additional 9,425 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley increased their price target on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Down 1.5 %

Shares of NextEra Energy stock traded down $1.00 on Friday, hitting $65.72. The company had a trading volume of 14,853,104 shares, compared to its average volume of 10,823,000. The stock has a 50-day moving average of $69.89 and a 200-day moving average of $73.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The firm has a market capitalization of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

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.