OFI Invest Asset Management Takes Position in NextEra Energy, Inc. (NYSE:NEE)

OFI Invest Asset Management acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 503,764 shares of the utilities provider's stock, valued at approximately $34,877,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. United Community Bank boosted its position in NextEra Energy by 7.2% during the 4th quarter. United Community Bank now owns 13,591 shares of the utilities provider's stock worth $974,000 after purchasing an additional 910 shares during the period. Personal CFO Solutions LLC boosted its position in NextEra Energy by 55.1% during the 4th quarter. Personal CFO Solutions LLC now owns 10,236 shares of the utilities provider's stock worth $734,000 after purchasing an additional 3,637 shares during the period. Amundi boosted its position in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after purchasing an additional 3,172,405 shares during the period. Permanent Capital Management LP purchased a new stake in NextEra Energy during the 4th quarter worth $437,000. Finally, Dorsey & Whitney Trust CO LLC boosted its position in NextEra Energy by 70.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 54,348 shares of the utilities provider's stock worth $3,896,000 after purchasing an additional 22,509 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE traded up $2.85 on Friday, hitting $72.86. 13,468,211 shares of the company's stock were exchanged, compared to its average volume of 11,374,279. The firm has a market cap of $149.88 billion, a PE ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $56.31 and a twelve month high of $86.10. The stock has a fifty day moving average of $70.30 and a two-hundred day moving average of $76.03. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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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, hitting 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, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. 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 3.11%. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEE. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.85.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by 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.