NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 865,936 shares of the utilities provider's stock after buying an additional 126,488 shares during the period. Candriam S.C.A.'s holdings in NextEra Energy were worth $62,079,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NEE. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter worth about $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth about $36,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider's stock worth $50,000 after purchasing an additional 571 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

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

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NextEra Energy Stock Up 4.1 %

Shares of NextEra Energy stock traded up $2.85 during trading on Friday, reaching $72.86. The company's stock had a trading volume of 13,468,211 shares, compared to its average volume of 11,374,279. The company has a 50-day simple moving average of $70.30 and a two-hundred day simple moving average of $76.05. NextEra Energy, Inc. has a 1-year low of $56.31 and a 1-year high of $86.10. 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 company has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting 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, equities analysts forecast 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 will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NEE shares. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI reduced their target price on 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. Finally, Jefferies Financial Group dropped their price target on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.85.

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.