O Brien Greene & Co. Inc Raises Position in NextEra Energy, Inc. (NYSE:NEE)

O Brien Greene & Co. Inc raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,910 shares of the utilities provider’s stock after buying an additional 363 shares during the quarter. NextEra Energy comprises about 2.1% of O Brien Greene & Co. Inc’s holdings, making the stock its 17th largest position. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $6,589,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Boston Financial Mangement LLC grew its holdings in shares of NextEra Energy by 0.4% during the fourth quarter. Boston Financial Mangement LLC now owns 95,819 shares of the utilities provider’s stock worth $6,869,000 after purchasing an additional 423 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in NextEra Energy by 1.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 91,455 shares of the utilities provider’s stock worth $6,556,000 after buying an additional 1,429 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in shares of NextEra Energy by 13.8% in the 4th quarter. Meitav Investment House Ltd. now owns 837,698 shares of the utilities provider’s stock worth $60,028,000 after buying an additional 101,698 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of NextEra Energy by 4.5% during the 4th quarter. Handelsbanken Fonder AB now owns 364,294 shares of the utilities provider’s stock valued at $26,116,000 after buying an additional 15,573 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of NextEra Energy by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 236,248 shares of the utilities provider’s stock valued at $16,937,000 after buying an additional 8,046 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NEE stock opened at $69.04 on Thursday. 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 firm’s 50-day moving average price is $70.62 and its two-hundred day moving average price is $76.64. The stock has a market capitalization of $141.98 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. As a group, equities analysts predict 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 will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.28%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 61.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NEE. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Evercore ISI decreased their price target on shares of 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, Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.