Canada Pension Plan Investment Board Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Canada Pension Plan Investment Board lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,476,650 shares of the utilities provider's stock after purchasing an additional 192,178 shares during the period. Canada Pension Plan Investment Board owned 0.17% of NextEra Energy worth $249,241,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at $44,000. 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 company's stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Trading Up 1.0 %

Shares of NEE stock traded up $0.65 on Friday, hitting $66.29. 11,210,902 shares of the company's stock traded hands, compared to its average volume of 10,793,549. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market capitalization of $136.47 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58. The company's fifty day simple moving average is $69.63 and its 200 day simple moving average is $73.22. 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 quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.42%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEE. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets dropped their price objective 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, Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

About NextEra Energy

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.