Ossiam Buys 31,648 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ossiam lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 343.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,868 shares of the utilities provider’s stock after purchasing an additional 31,648 shares during the period. Ossiam’s holdings in NextEra Energy were worth $2,930,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Norges Bank bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $3,484,197,000. Boston Partners purchased a new stake in shares of NextEra Energy in the 4th quarter worth approximately $244,169,000. Amundi increased its holdings in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares during the period. California Public Employees Retirement System raised its stake in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after acquiring an additional 2,499,011 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.0 %

NYSE:NEE opened at $66.29 on Friday. 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 company’s fifty day moving average price is $69.63 and its 200-day moving average price is $73.22. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a market capitalization of $136.47 billion, a P/E ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.42%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’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 owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Evercore ISI lowered their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley reduced their target price on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $85.15.

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.