Renaissance Technologies LLC Buys 1,124,166 Shares of NextEra Energy, Inc. (NYSE:NEE)

Renaissance Technologies LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2,185.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175,597 shares of the utilities provider's stock after purchasing an additional 1,124,166 shares during the period. Renaissance Technologies LLC owned approximately 0.06% of NextEra Energy worth $84,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth about $28,000. Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $33,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $36,000. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company's stock, 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. Company insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets cut 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. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.38.

NextEra Energy Trading Up 2.8 %

NEE traded up $1.83 during trading on Monday, hitting $67.64. 3,291,020 shares of the stock traded hands, compared to its average volume of 12,048,430. The firm has a 50-day moving average of $69.89 and a 200 day moving average of $73.78. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The firm has a market capitalization of $139.24 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase 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 payout ratio is presently 67.06%.

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.