Baillie Gifford & Co. Has $1.53 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Baillie Gifford & Co. reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 93.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,348 shares of the utilities provider's stock after selling 297,450 shares during the period. Baillie Gifford & Co.'s holdings in NextEra Energy were worth $1,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in 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 worth $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after buying an additional 86,758 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in NextEra Energy by 5.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock valued at $729,559,000 after buying an additional 452,590 shares during the period. Finally, Swiss National Bank boosted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock valued at $515,481,000 after acquiring an additional 21,400 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on NEE shares. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. Finally, Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $85.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 2.3 %

Shares of NEE stock traded up $1.60 on Friday, hitting $71.74. 16,739,967 shares of the stock were exchanged, compared to its average volume of 11,463,395. 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 firm has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50-day moving average of $70.56 and a 200 day moving average of $76.59.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 net margin of 28.06% and a return on equity of 11.85%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

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.