Mediolanum International Funds Ltd Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Mediolanum International Funds Ltd increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 233.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 536,839 shares of the utilities provider's stock after purchasing an additional 376,073 shares during the quarter. Mediolanum International Funds Ltd's holdings in NextEra Energy were worth $38,429,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Geode Capital Management LLC raised its stake in 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 worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after acquiring an additional 86,758 shares during the period. Nordea Investment Management AB raised its holdings in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock valued at $729,559,000 after purchasing an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock valued at $575,573,000 after buying an additional 851,873 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded up $0.27 during trading hours on Friday, reaching $71.57. The company had a trading volume of 2,488,314 shares, compared to its average volume of 11,650,553. The company has a market capitalization of $147.18 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.48 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a 50 day simple moving average of $72.60 and a 200-day simple moving average of $77.06. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.