NextEra Energy, Inc. (NYSE:NEE) Shares Bought by DnB Asset Management AS

DnB Asset Management AS grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,289,368 shares of the utilities provider's stock after purchasing an additional 147,437 shares during the quarter. DnB Asset Management AS owned approximately 0.06% of NextEra Energy worth $92,435,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC grew its position in shares of 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 acquired a new position in NextEra Energy in the fourth quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the third quarter worth about $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NEE. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $85.92.

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NextEra Energy Price Performance

NextEra Energy stock traded up $0.44 during mid-day trading on Tuesday, hitting $71.33. 3,203,287 shares of the company were exchanged, compared to its average volume of 10,629,147. The company has a market capitalization of $146.74 billion, a P/E ratio of 21.17, 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 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 simple moving average is $70.67 and its two-hundred day simple moving average is $74.99.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.18%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction on 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 owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is owned by company 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.