NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Andra AP fonden

Andra AP fonden boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 830.8% during the 4th quarter, Holdings Channel reports. The fund owned 12,100 shares of the utilities provider’s stock after acquiring an additional 10,800 shares during the quarter. Andra AP fonden’s holdings in NextEra Energy were worth $867,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Nordea Investment Management AB raised its holdings in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Swiss National Bank raised its holdings in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Finally, Czech National Bank raised its holdings 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 purchasing an additional 27,340 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight research 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, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insiders Place Their Bets

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 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 directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.86 on Monday. The firm’s fifty day moving average price is $70.30 and its 200 day moving average price is $76.03. NextEra Energy, Inc. has a 1-year low of $56.31 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

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.