Rathbones Group PLC Acquires 88,955 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rathbones Group PLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 635,788 shares of the utilities provider's stock after acquiring an additional 88,955 shares during the quarter. Rathbones Group PLC's holdings in NextEra Energy were worth $45,580,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the fourth quarter worth $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the 4th quarter worth $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value 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. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley increased their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Stock Performance

Shares of NEE stock traded down $1.00 during midday trading on Friday, hitting $65.72. 14,853,104 shares of the company were exchanged, compared to its average volume of 10,823,000. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The firm has a market capitalization of $135.29 billion, a P/E ratio of 19.50, a PEG ratio of 2.45 and a beta of 0.58. The firm's 50 day moving average price is $69.89 and its two-hundred day moving average price is $73.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

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%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.45%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio is presently 67.06%.

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.