NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,523,786 shares of the utilities provider's stock after acquiring an additional 588,038 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of NextEra Energy worth $1,041,210,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NEE. Sentry Investment Management LLC grew its holdings in shares of NextEra Energy by 15.4% in the fourth quarter. Sentry Investment Management LLC now owns 8,278 shares of the utilities provider's stock valued at $593,000 after purchasing an additional 1,107 shares during the period. Brown Financial Advisors grew its stake in shares of NextEra Energy by 9.7% in the 4th quarter. Brown Financial Advisors now owns 17,558 shares of the utilities provider's stock valued at $1,259,000 after buying an additional 1,554 shares during the period. Blackhawk Capital Partners LLC. increased its holdings in shares of NextEra Energy by 15.5% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 16,372 shares of the utilities provider's stock worth $1,174,000 after buying an additional 2,201 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of NextEra Energy by 2.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 59,751 shares of the utilities provider's stock valued at $4,284,000 after buying an additional 1,168 shares during the period. Finally, BankPlus Trust Department acquired a new position in NextEra Energy in the fourth quarter valued at approximately $1,885,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NEE shares. Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and an average target price of $85.85.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated 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 sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 1.2 %

NEE opened at $70.72 on Tuesday. The business has a fifty day moving average price of $70.48 and a 200 day moving average price of $76.50. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market capitalization of $145.48 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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%. Sell-side analysts expect 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. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, February 28th. NextEra Energy's payout ratio is 67.06%.

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.

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