NextEra Energy, Inc. (NYSE:NEE) is NFJ Investment Group LLC’s 2nd Largest Position

NFJ Investment Group LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,164,130 shares of the utilities provider’s stock after selling 29,002 shares during the period. NextEra Energy accounts for about 2.7% of NFJ Investment Group LLC’s holdings, making the stock its 2nd biggest position. NFJ Investment Group LLC’s holdings in NextEra Energy were worth $83,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC grew its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $67.59 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. The company has a market cap of $139.14 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business has a fifty day moving average of $69.83 and a two-hundred day moving average of $73.62.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 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, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.35%. NextEra Energy’s payout ratio is currently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Evercore ISI dropped 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 research note on Monday, January 27th. 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 research report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley lifted their target price on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight 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 company currently has an average rating of “Hold” and a consensus target price of $85.38.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

About NextEra Energy

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.