NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,597 shares of the utilities provider's stock after selling 12,007 shares during the period. Phoenix Financial Ltd.'s holdings in NextEra Energy were worth $9,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $3,484,197,000. Boston Partners purchased a new stake in shares of NextEra Energy in the 4th quarter worth $244,169,000. Amundi increased 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 valued at $676,008,000 after buying an additional 3,172,405 shares during the period. California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after acquiring an additional 2,517,369 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after acquiring an additional 2,499,011 shares during the period. 78.72% of the stock is owned by institutional investors.

Remove Ads

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company's 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 sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded up $0.30 during midday trading on Tuesday, reaching $67.99. The stock had a trading volume of 2,659,317 shares, compared to its average volume of 10,801,557. The firm has a fifty day simple moving average of $69.86 and a two-hundred day simple moving average of $73.66. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $139.96 billion, a PE ratio of 20.18, 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 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 return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

A number of research firms have commented on NEE. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Guggenheim restated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley lifted their price target on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note 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, the company presently has a consensus rating of "Hold" and an average price target of $85.38.

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.