AGF Management Ltd. Has $83.70 Million Position in NextEra Energy, Inc. (NYSE:NEE)

AGF Management Ltd. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 62.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,167,469 shares of the utilities provider's stock after buying an additional 447,663 shares during the quarter. AGF Management Ltd. owned about 0.06% of NextEra Energy worth $83,696,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NEE. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock valued at $977,191,000 after acquiring an additional 345,999 shares in the last quarter. Amundi lifted its stake in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

NextEra Energy Trading Up 4.5 %

Shares of NEE stock opened at $76.14 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $156.62 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $56.55 and a twelve month high of $86.10. The stock's fifty day simple moving average is $70.39 and its 200 day simple moving average is $76.01.

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NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 2.98%. NextEra Energy's payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 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. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Company Profile

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.

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