RWC Asset Management LLP Has $48.27 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

RWC Asset Management LLP raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 313.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 673,317 shares of the utilities provider's stock after purchasing an additional 510,302 shares during the period. NextEra Energy accounts for 2.4% of RWC Asset Management LLP's portfolio, making the stock its 8th largest holding. RWC Asset Management LLP's holdings in NextEra Energy were worth $48,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the fourth 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 last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the 4th quarter valued at $36,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $85.85.

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 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 of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NEE traded down $0.86 on Monday, hitting $70.72. The company's stock had a trading volume of 11,970,672 shares, compared to its average volume of 11,478,043. The company has a market capitalization of $145.48 billion, a PE ratio of 20.99, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a 50 day moving average price of $70.53 and a 200 day moving average price of $76.55. 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 posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. 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 dividend yield of 3.20%. NextEra Energy's payout ratio is currently 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.