NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Slagle Financial LLC

Slagle Financial LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,863 shares of the utilities provider's stock after buying an additional 12,570 shares during the period. NextEra Energy accounts for approximately 2.3% of Slagle Financial LLC's holdings, making the stock its 7th biggest holding. Slagle Financial LLC's holdings in NextEra Energy were worth $5,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after buying an additional 2,090,538 shares during the period. Norges Bank bought a new position in NextEra Energy during the fourth quarter worth $3,484,197,000. Geode Capital Management LLC boosted its holdings in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Bank of New York Mellon Corp increased its stake in NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock worth $977,191,000 after buying an additional 345,999 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. Morgan Stanley increased their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.92.

NextEra Energy Trading Up 0.7 %

Shares of NYSE NEE traded up $0.48 during mid-day trading on Tuesday, hitting $71.37. 3,203,287 shares of the company traded hands, compared to its average volume of 10,629,147. The business has a 50 day moving average of $70.67 and a two-hundred day moving average of $74.99. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $146.80 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was 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 yield of 3.18%. 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.