Alberta Investment Management Corp Buys 25,700 Shares of NextEra Energy, Inc. (NYSE:NEE)

Alberta Investment Management Corp raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 128.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,700 shares of the utilities provider's stock after acquiring an additional 25,700 shares during the quarter. Alberta Investment Management Corp's holdings in NextEra Energy were worth $3,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Tandem Capital Management Corp ADV boosted its position in shares of NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC grew its stake in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after acquiring an additional 126 shares during the last quarter. Insight Folios Inc raised its holdings in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC lifted its holdings in shares of NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after acquiring an additional 128 shares during the period. Finally, Boston Trust Walden Corp lifted its position in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $1.60 during trading on Friday, hitting $71.74. The stock had a trading volume of 16,739,967 shares, compared to its average volume of 11,463,395. The firm has a market cap of $147.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business's 50-day moving average is $70.56 and its 200 day moving average is $76.59. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is 61.13%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Guggenheim boosted their price objective 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. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.