Dynamic Technology Lab Private Ltd Takes $1.37 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Dynamic Technology Lab Private Ltd purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,158 shares of the utilities provider's stock, valued at approximately $1,373,000.

Several other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC raised its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP bought a new stake in NextEra Energy during the third quarter worth approximately $33,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the fourth quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $36,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded down $1.04 during mid-day trading on Friday, reaching $65.69. 3,804,816 shares of the stock traded hands, compared to its average volume of 10,785,316. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The business has a 50-day moving average of $69.98 and a two-hundred day moving average of $73.98. The firm has a market capitalization of $135.22 billion, a PE ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

Remove Ads

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. 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. This represents a $2.27 annualized dividend and a yield of 3.45%. NextEra Energy's payout ratio is currently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted 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. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $85.92.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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. The trade was a 7.99 % 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 hyperlink. Company insiders own 0.18% of the company's stock.

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.