Quantbot Technologies LP Has $8.72 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Quantbot Technologies LP grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,639 shares of the utilities provider's stock after purchasing an additional 38,016 shares during the period. Quantbot Technologies LP's holdings in NextEra Energy were worth $8,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $1.07 on Wednesday, hitting $69.66. The stock had a trading volume of 9,154,191 shares, compared to its average volume of 10,141,575. The stock has a market cap of $143.28 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business's 50 day moving average is $70.70 and its two-hundred day moving average is $75.34. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve month high of $86.10.

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NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was 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 3.25%. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm's 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 owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NEE shares. Scotiabank boosted 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. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI decreased their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.92.

NextEra Energy 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.