Capital International Inc. CA Has $4.87 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Capital International Inc. CA raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,927 shares of the utilities provider’s stock after purchasing an additional 7,935 shares during the period. Capital International Inc. CA’s holdings in NextEra Energy were worth $4,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dnca Finance raised its stake in shares of NextEra Energy by 21.9% in the fourth quarter. Dnca Finance now owns 158,500 shares of the utilities provider’s stock valued at $11,363,000 after purchasing an additional 28,500 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of NextEra Energy by 355.6% in the 4th quarter. First Trust Advisors LP now owns 1,049,949 shares of the utilities provider’s stock worth $75,271,000 after buying an additional 819,518 shares in the last quarter. Forum Financial Management LP grew its position in NextEra Energy by 46.6% in the fourth quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider’s stock valued at $714,000 after acquiring an additional 3,164 shares during the period. Freedom Investment Management Inc. lifted its holdings in shares of NextEra Energy by 26.4% during the fourth quarter. Freedom Investment Management Inc. now owns 14,716 shares of the utilities provider’s stock valued at $1,055,000 after acquiring an additional 3,071 shares during the period. Finally, Frederick Financial Consultants LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $275,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Morgan Stanley cut their target price on shares of NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Evercore ISI reduced their price objective 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. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.15.

NextEra Energy Price Performance

Shares of NEE opened at $66.29 on Monday. 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 stock has a market cap of $136.47 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock’s 50-day moving average price is $69.63 and its two-hundred day moving average price is $73.14. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. 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 3.42%. NextEra Energy’s payout ratio is currently 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.