6,413 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Petros Family Wealth LLC

Petros Family Wealth LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,413 shares of the utilities provider's stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Norges Bank acquired a new stake in NextEra Energy during the fourth quarter worth approximately $3,484,197,000. Boston Partners acquired a new position in NextEra Energy in the 4th quarter valued at about $244,169,000. Amundi raised its stake in shares of NextEra Energy by 49.8% during the fourth 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 last quarter. California Public Employees Retirement System lifted its stake in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group increased its position in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after purchasing an additional 2,499,011 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday. Finally, Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.38.

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NextEra Energy Trading Up 2.8 %

NYSE:NEE traded up $1.83 on Monday, hitting $67.64. 11,588,679 shares of the stock were exchanged, compared to its average volume of 10,833,152. The stock has a market cap of $139.24 billion, a PE ratio of 20.07, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. 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 fifty day moving average of $69.89 and a 200-day moving average of $73.78.

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 (EPS) 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%. As a group, equities 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

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.