O Shaughnessy Asset Management LLC Has $17.89 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

O Shaughnessy Asset Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,594 shares of the utilities provider's stock after buying an additional 15,181 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in NextEra Energy were worth $17,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its stake in shares of NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in NextEra Energy in the third quarter valued at about $477,000. Hantz Financial Services Inc. raised its stake in NextEra Energy by 1.0% during the third quarter. Hantz Financial Services Inc. now owns 30,417 shares of the utilities provider's stock worth $2,571,000 after acquiring an additional 296 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of NextEra Energy by 29.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,249,794 shares of the utilities provider's stock worth $105,645,000 after acquiring an additional 283,587 shares during the last quarter. Finally, Acropolis Investment Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $108,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 7.2 %

NEE stock traded down $5.17 during midday trading on Friday, hitting $66.97. The stock had a trading volume of 20,977,931 shares, compared to its average volume of 10,686,970. 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 business has a fifty day moving average price of $70.65 and a two-hundred day moving average price of $74.73. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The firm has a market cap of $137.75 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.38%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NEE shares. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI dropped their price target on 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. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value 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 approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.