NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by TCW Group Inc.

TCW Group Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,531 shares of the utilities provider's stock after acquiring an additional 11,186 shares during the quarter. TCW Group Inc.'s holdings in NextEra Energy were worth $9,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock worth $326,388,000 after buying an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. lifted its stake in NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock worth $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Raymond James & Associates lifted its position in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock worth $421,831,000 after buying an additional 2,163,437 shares in the last quarter. LGT Group Foundation grew its holdings in NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider's stock valued at $107,240,000 after buying an additional 1,371,982 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock worth $184,795,000 after acquiring an additional 1,369,689 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NYSE NEE traded down $0.76 during trading hours on Thursday, reaching $73.22. The company's stock had a trading volume of 6,770,715 shares, compared to its average volume of 10,809,233. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company's 50-day moving average is $78.85 and its two-hundred day moving average is $77.79. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock has a market cap of $150.57 billion, a PE ratio of 21.89, a PEG ratio of 2.72 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy's payout ratio is currently 60.95%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NEE. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price for the company. Finally, Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of "Hold" and a consensus price target of $87.15.

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.