BI Asset Management Fondsmaeglerselskab A S Has $63.20 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 881,562 shares of the utilities provider's stock after purchasing an additional 232,661 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in NextEra Energy were worth $63,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC grew its stake in 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 acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy in the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on NEE. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley decreased their price target on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.15.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $1.57 during mid-day trading on Monday, reaching $64.74. 11,568,070 shares of the company were exchanged, compared to its average volume of 10,796,645. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market capitalization of $133.27 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.45 and a beta of 0.58. The company's 50-day simple moving average is $69.63 and its 200-day simple moving average is $73.14. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.50%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's payout ratio is presently 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy 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.