MetLife Investment Management LLC Has $39.02 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

MetLife Investment Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,297 shares of the utilities provider's stock after purchasing an additional 10,025 shares during the quarter. MetLife Investment Management LLC's holdings in NextEra Energy were worth $39,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Howard Capital Management Group LLC grew its position in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after acquiring an additional 5,409 shares during the last quarter. SOA Wealth Advisors LLC. boosted its stake in NextEra Energy by 3.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider's stock valued at $1,842,000 after purchasing an additional 656 shares during the period. Wealthquest Corp grew its position in NextEra Energy by 4.8% in the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider's stock worth $838,000 after purchasing an additional 446 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $742,000. Finally, Anchor Investment Management LLC raised its holdings in shares of NextEra Energy by 4.5% during the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider's stock valued at $4,411,000 after buying an additional 2,252 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.81 during mid-day trading on Thursday, hitting $66.46. The company's stock had a trading volume of 13,722,526 shares, compared to its average volume of 10,827,156. The stock has a market capitalization of $136.81 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock's fifty day moving average price is $69.48 and its two-hundred day moving average price is $72.92. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. Research analysts forecast 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.41%. NextEra Energy's dividend payout ratio is currently 67.06%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their price objective on NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.08.

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.