Trexquant Investment LP Invests $874,000 in NextEra Energy, Inc. (NYSE:NEE)

Trexquant Investment LP acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,198 shares of the utilities provider's stock, valued at approximately $874,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the fourth 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 purchased a new stake in NextEra Energy during the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC grew its position in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 acquiring an additional 588,038 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 purchasing an additional 345,999 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.1 %

NextEra Energy stock traded up $0.72 on Tuesday, hitting $68.41. 958,762 shares of the stock traded hands, compared to its average volume of 12,011,223. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The firm has a market cap of $140.83 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business's fifty day simple moving average is $69.86 and its 200 day simple moving average is $73.66.

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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 (EPS) for the quarter, meeting 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, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, February 28th. NextEra Energy's payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NEE shares. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday. Morgan Stanley upped 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. Evercore ISI cut their target price on 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. Finally, JPMorgan Chase & Co. boosted 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. Eight research 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, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $85.38.

Insider Buying and Selling

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

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.