Scotia Capital Inc. Has $18.34 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Scotia Capital Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,724 shares of the utilities provider's stock after buying an additional 39,713 shares during the quarter. Scotia Capital Inc.'s holdings in NextEra Energy were worth $18,338,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC grew its position 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 valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth $33,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the firm'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 sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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NextEra Energy Stock Up 2.8 %

NEE traded up $1.83 during trading on Monday, reaching $67.64. 11,588,679 shares of the stock were exchanged, compared to its average volume of 10,833,152. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock's 50 day moving average price is $69.89 and its two-hundred day moving average price is $73.78. The stock has a market cap 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. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.35%. NextEra Energy's payout ratio is presently 67.06%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday. Morgan Stanley lifted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.38.

NextEra Energy Company 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.