MML Investors Services LLC Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

MML Investors Services LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 690,068 shares of the utilities provider's stock after purchasing an additional 71,872 shares during the quarter. MML Investors Services LLC's holdings in NextEra Energy were worth $49,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. MetLife Investment Management LLC boosted its stake in shares of NextEra Energy by 1.9% during the fourth quarter. MetLife Investment Management LLC now owns 544,297 shares of the utilities provider's stock valued at $39,021,000 after purchasing an additional 10,025 shares in the last quarter. Natixis increased its position in NextEra Energy by 7,501.9% in the 4th quarter. Natixis now owns 541,027 shares of the utilities provider's stock valued at $38,786,000 after acquiring an additional 533,910 shares during the period. Norinchukin Bank The raised its stake in shares of NextEra Energy by 11.5% during the fourth quarter. Norinchukin Bank The now owns 96,582 shares of the utilities provider's stock valued at $6,924,000 after acquiring an additional 9,930 shares during the last quarter. Ossiam increased its holdings in NextEra Energy by 343.3% in the fourth quarter. Ossiam now owns 40,868 shares of the utilities provider's stock valued at $2,930,000 after purchasing an additional 31,648 shares during the period. Finally, Bank of Nova Scotia Trust Co. lifted its holdings in NextEra Energy by 1.6% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 12,836 shares of the utilities provider's stock worth $920,000 after buying an additional 207 shares during the period. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other NextEra Energy 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 transaction of $162,258.47. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Down 0.4 %

NEE traded down $0.25 during trading on Friday, reaching $66.10. The stock had a trading volume of 9,633,344 shares, compared to its average volume of 10,817,137. The stock's 50 day moving average is $69.45 and its two-hundred day moving average is $72.83. The company has a market capitalization of $136.07 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced 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. This represents a $2.27 annualized dividend and a yield of 3.43%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NEE shares. Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Wednesday. Finally, Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.