Saturna Capital Corp Has $1.17 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Saturna Capital Corp boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 77.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,325 shares of the utilities provider's stock after purchasing an additional 7,150 shares during the quarter. Saturna Capital Corp's holdings in NextEra Energy were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after buying an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of NextEra Energy by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock valued at $977,191,000 after purchasing an additional 345,999 shares during the period. Amundi increased its position in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 2.8 %

NYSE:NEE opened at $74.04 on Wednesday. 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 12-month low of $56.55 and a 12-month high of $86.10. The stock's fifty day simple moving average is $70.43 and its 200-day simple moving average is $75.97. The firm has a market capitalization of $152.30 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.45 and a beta of 0.58.

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NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.06%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

Analysts Set New Price Targets

Several equities analysts recently commented on NEE shares. BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley raised 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. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Evercore ISI dropped 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 note on Monday, January 27th. Finally, Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.92.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

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.

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