14,137 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Myriad Asset Management US LP

Myriad Asset Management US LP purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,137 shares of the utilities provider's stock, valued at approximately $1,013,000.

Other hedge funds also recently bought and sold shares of the company. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $28,000. Quarry LP bought a new position in NextEra Energy during the third quarter worth $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter valued at $36,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NEE shares. Scotiabank boosted their price objective 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. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Evercore ISI decreased their price objective 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. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NEE traded up $0.31 on Tuesday, hitting $68.37. The company's stock had a trading volume of 12,090,251 shares, compared to its average volume of 11,446,257. The company has a market capitalization of $140.59 billion, a PE ratio of 20.29, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a 50 day moving average price of $70.84 and a 200 day moving average price of $76.77. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.31%. This is a positive change 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%.

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.