Treasurer of the State of North Carolina Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Treasurer of the State of North Carolina boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 904,694 shares of the utilities provider's stock after buying an additional 5,680 shares during the period. Treasurer of the State of North Carolina's holdings in NextEra Energy were worth $64,858,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $3,484,197,000. Boston Partners purchased a new position in NextEra Energy during the 4th quarter worth $244,169,000. Amundi raised its position in NextEra Energy by 49.8% during the 4th 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 in the last quarter. California Public Employees Retirement System grew its position in shares of NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of NextEra Energy by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after buying an additional 2,499,011 shares during the period. Institutional investors own 78.72% of the company's stock.

Remove Ads

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.09 during trading hours on Tuesday, hitting $67.78. 2,931,698 shares of the stock traded hands, compared to its average volume of 10,802,424. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The stock has a market capitalization of $139.53 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm's 50 day moving average price is $69.86 and its 200-day moving average price is $73.66.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.34%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent research reports. Morgan Stanley increased their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price objective on 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.38.

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.