Boston Partners Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Boston Partners bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,413,840 shares of the utilities provider's stock, valued at approximately $244,169,000. Boston Partners owned approximately 0.17% of NextEra Energy at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC raised its position in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. GSA Capital Partners LLP acquired a new position in NextEra Energy in the 3rd quarter valued at about $406,000. Empowered Funds LLC raised its stake in NextEra Energy by 8.1% in the 3rd quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider's stock valued at $3,359,000 after purchasing an additional 2,974 shares during the last quarter. Quest Partners LLC acquired a new position in NextEra Energy in the 3rd quarter valued at about $183,000. Finally, Pathstone Holdings LLC raised its stake in NextEra Energy by 4.4% in the 3rd quarter. Pathstone Holdings LLC now owns 285,590 shares of the utilities provider's stock valued at $24,141,000 after purchasing an additional 11,971 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.3 %

NEE traded down $0.24 on Friday, reaching $70.92. The company's stock had a trading volume of 15,780,329 shares, compared to its average volume of 10,155,195. The stock has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.30 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business's 50 day moving average is $70.62 and its 200 day moving average is $75.53.

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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 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 forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NEE has been the subject of a number of analyst reports. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley upped their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.92.

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.