CCLA Investment Management Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

CCLA Investment Management lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300,285 shares of the utilities provider's stock after purchasing an additional 62,108 shares during the quarter. CCLA Investment Management owned 0.06% of NextEra Energy worth $93,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Geode Capital Management LLC boosted its stake in shares of 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 valued at $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Legal & General Group Plc boosted its position in shares of NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock valued at $1,508,155,000 after buying an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 0.7% in 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 acquiring an additional 86,758 shares during the period. Nordea Investment Management AB raised its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in NextEra Energy by 5.5% during 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 acquiring an additional 452,590 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective for the company. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Finally, Morgan Stanley reduced their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.15.

NextEra Energy Trading Up 1.9 %

NEE traded up $1.27 on Wednesday, hitting $69.25. The company had a trading volume of 12,414,799 shares, compared to its average volume of 10,087,837. The business's fifty day simple moving average is $73.79 and its 200 day simple moving average is $77.26. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market cap of $142.41 billion, a PE ratio of 20.49, a PEG ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.97%. NextEra Energy's dividend payout ratio is presently 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by 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.