103,144 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 103,144 shares of the utilities provider's stock, valued at approximately $7,394,000.

Several other hedge funds also recently modified their holdings of NEE. Providence Wealth Advisors LLC increased its position in NextEra Energy by 1.4% during the fourth quarter. Providence Wealth Advisors LLC now owns 39,088 shares of the utilities provider's stock worth $2,802,000 after buying an additional 558 shares during the last quarter. Rockbridge Investment Management LCC boosted its holdings in shares of NextEra Energy by 29.4% during the 4th quarter. Rockbridge Investment Management LCC now owns 6,610 shares of the utilities provider's stock worth $474,000 after buying an additional 1,500 shares during the period. Howe & Rusling Inc. grew its stake in NextEra Energy by 1.9% in the 4th quarter. Howe & Rusling Inc. now owns 101,574 shares of the utilities provider's stock valued at $7,282,000 after buying an additional 1,926 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $2,212,000. Finally, NEOS Investment Management LLC lifted its position in NextEra Energy by 37.7% during the 4th quarter. NEOS Investment Management LLC now owns 130,237 shares of the utilities provider's stock worth $9,337,000 after acquiring an additional 35,687 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.49 during mid-day trading on Monday, reaching $70.94. 3,348,771 shares of the company were exchanged, compared to its average volume of 10,617,791. 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 stock has a market cap of $145.93 billion, a PE ratio of 21.03, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a fifty day moving average of $70.67 and a 200 day moving average of $75.08.

Remove Ads

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

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley upped their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Evercore ISI lowered their price objective on shares of 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. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $85.92.

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.