NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Prudential PLC

Prudential PLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,412 shares of the utilities provider's stock after buying an additional 53,697 shares during the quarter. Prudential PLC's holdings in NextEra Energy were worth $17,235,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after acquiring an additional 2,090,538 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $3,484,197,000. Geode Capital Management LLC raised its stake in shares of NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after buying an additional 1,359,268 shares during the period. Bank of New York Mellon Corp raised its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after buying an additional 588,038 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock valued at $977,191,000 after buying an additional 345,999 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded down $0.96 on Wednesday, reaching $63.15. The stock had a trading volume of 6,485,620 shares, compared to its average volume of 10,732,454. The business's 50-day moving average price is $70.21 and its 200 day moving average price is $74.26. The stock has a market cap of $130.00 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.59%. NextEra Energy's payout ratio is presently 67.06%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Morgan Stanley upped their price target on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Evercore ISI lowered their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.92.

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.