Handelsbanken Fonder AB Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Handelsbanken Fonder AB grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 364,294 shares of the utilities provider's stock after buying an additional 15,573 shares during the period. Handelsbanken Fonder AB's holdings in NextEra Energy were worth $26,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. International Assets Investment Management LLC raised its holdings in NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock worth $326,388,000 after acquiring an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock worth $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 2.0% during the third 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. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded up $1.60 on Friday, hitting $71.74. 16,739,967 shares of the company traded hands, compared to its average volume of 11,463,395. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business's 50 day moving average price is $70.56 and its 200-day moving average price is $76.59. The company has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 61.13%.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on NEE shares. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Company 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.