Ostrum Asset Management Has $4.79 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ostrum Asset Management decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,827 shares of the utilities provider’s stock after selling 3,602 shares during the period. Ostrum Asset Management’s holdings in NextEra Energy were worth $4,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its stake in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of NextEra Energy by 3.1% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock valued at $1,842,000 after purchasing an additional 656 shares during the last quarter. Wealthquest Corp boosted its holdings in NextEra Energy by 4.8% in the third quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 446 shares in the last quarter. Tudor Financial Inc. acquired a new position in NextEra Energy during the third quarter worth $742,000. Finally, Anchor Investment Management LLC raised its holdings in NextEra Energy by 4.5% during the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock valued at $4,411,000 after buying an additional 2,252 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Erste Group Bank raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, April 16th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.15.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $66.29 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. 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 business has a fifty day simple moving average of $69.63 and a 200 day simple moving average of $73.14. The firm has a market capitalization of $136.47 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58.

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%. 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. 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 dividend on an annualized basis and a dividend yield of 3.42%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. 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 corporate insiders.

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.