Vinva Investment Management Ltd Buys 26,441 Shares of NextEra Energy, Inc. (NYSE:NEE)

Vinva Investment Management Ltd raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 51.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,433 shares of the utilities provider's stock after buying an additional 26,441 shares during the quarter. Vinva Investment Management Ltd's holdings in NextEra Energy were worth $5,557,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Bestgate Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $240,000. Bank of Marin boosted its position in NextEra Energy by 12.2% during the 4th quarter. Bank of Marin now owns 4,607 shares of the utilities provider's stock valued at $330,000 after acquiring an additional 500 shares in the last quarter. Fox Hill Wealth Management grew its holdings in shares of NextEra Energy by 3.4% during the 4th quarter. Fox Hill Wealth Management now owns 18,962 shares of the utilities provider's stock worth $1,359,000 after acquiring an additional 624 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $227,000. Finally, Enhancing Capital LLC bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $3,699,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.86 during mid-day trading on Monday, reaching $70.02. The company's stock had a trading volume of 12,383,998 shares, compared to its average volume of 10,164,200. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $144.03 billion, a P/E ratio of 20.78, a PEG ratio of 2.45 and a beta of 0.58. The firm's fifty day moving average price is $70.62 and its two-hundred day moving average price is $75.49. NextEra Energy, Inc. has a 12-month low of $61.30 and a 12-month high of $86.10.

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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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NEE shares. Morgan Stanley upped their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI reduced their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Scotiabank lifted 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were 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 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 Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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.