Norinchukin Bank The Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Norinchukin Bank The increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,582 shares of the utilities provider's stock after purchasing an additional 9,930 shares during the quarter. Norinchukin Bank The's holdings in NextEra Energy were worth $6,924,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC increased its stake 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 position in NextEra Energy during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NEE. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. BMO Capital Markets dropped their price target 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. Erste Group Bank upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $85.15.

NextEra Energy Price Performance

NEE stock traded up $0.65 on Friday, reaching $66.29. 11,210,902 shares of the company's stock were exchanged, compared to its average volume of 10,793,549. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average of $69.63 and a 200-day moving average of $73.14. The firm has a market cap of $136.47 billion, a PE ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 3.42%. 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. NextEra Energy's dividend payout ratio (DPR) is presently 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.