NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by World Investment Advisors

World Investment Advisors lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,978 shares of the utilities provider's stock after purchasing an additional 10,195 shares during the quarter. World Investment Advisors' holdings in NextEra Energy were worth $6,451,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Empowered Funds LLC lifted its stake in shares of NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after buying an additional 41,328 shares during the period. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Czech National Bank boosted its stake in NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after buying an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after acquiring an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NEE. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. 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. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of "Hold" and an average target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the 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 approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 5.7 %

Shares of NextEra Energy stock traded up $3.64 on Wednesday, reaching $67.75. 23,201,276 shares of the company were exchanged, compared to its average volume of 10,804,156. The stock's 50 day moving average price is $70.06 and its 200-day moving average price is $74.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The company has a market cap of $139.47 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate 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 forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

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.