Royal London Asset Management Ltd. Buys 16,037 Shares of NextEra Energy, Inc. (NYSE:NEE)

Royal London Asset Management Ltd. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 814,794 shares of the utilities provider's stock after acquiring an additional 16,037 shares during the quarter. Royal London Asset Management Ltd.'s holdings in NextEra Energy were worth $58,413,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC grew its holdings in 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 acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling 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 transaction of $162,258.47. Following the sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have issued reports on NEE shares. Guggenheim restated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Scotiabank upped their target price 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. Evercore ISI reduced their price target on 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. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Price Performance

NYSE:NEE traded down $1.37 during trading hours on Tuesday, hitting $68.70. The company's stock had a trading volume of 12,616,170 shares, compared to its average volume of 10,151,328. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a fifty day simple moving average of $70.68 and a 200-day simple moving average of $75.42. The company has a market capitalization of $141.32 billion, a P/E ratio of 20.39, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.30%. NextEra Energy's 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.